UNIFI INC Revenue Disclosure
5. Revenue Recognition
The following tables present net sales disaggregated by (i) classification of customer type and (ii) REPREVE Fiber sales:
|
|
Fiscal 2025 |
|
|
Fiscal 2024 |
|
|
Fiscal 2023 |
|
|||
Third-party manufacturer |
|
$ |
567,158 |
|
|
$ |
577,636 |
|
|
$ |
618,391 |
|
Service |
|
|
4,186 |
|
|
|
4,573 |
|
|
|
5,136 |
|
Net sales |
|
$ |
571,344 |
|
|
$ |
582,209 |
|
|
$ |
623,527 |
|
|
|
Fiscal 2025 |
|
|
Fiscal 2024 |
|
|
Fiscal 2023 |
|
|||
REPREVE® Fiber |
|
$ |
174,855 |
|
|
$ |
188,517 |
|
|
$ |
186,161 |
|
All other products and services |
|
|
396,489 |
|
|
|
393,692 |
|
|
|
437,366 |
|
Net sales |
|
$ |
571,344 |
|
|
$ |
582,209 |
|
|
$ |
623,527 |
|
Third-Party Manufacturer Revenue
Third-party manufacturer revenue is primarily generated through sales to direct customers. Such sales represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts. Each of UNIFI’s reportable segments derives revenue from sales to third-party manufacturers.
Service Revenue
Service revenue is primarily generated, as services are rendered, through fulfillment of toll manufacturing of textile products or transportation services governed by written agreements. Such toll manufacturing and transportation services represent satisfaction of UNIFI’s performance obligations required by the associated revenue contracts.
REPREVE Fiber
REPREVE Fiber represents our collection of fiber products on our recycled platform, with or without added technologies.
Variable Consideration
For all variable consideration, where appropriate, UNIFI estimates the amount using the expected value method, which takes into consideration historical experience, current contractual requirements, specific known market events, and forecasted customer buying and payment patterns. Overall, these reserves reflect UNIFI’s best estimates of the amount of consideration to which the customer is entitled based on the terms of the contracts. Variable consideration was immaterial to UNIFI’s financial statements for all years presented.
Product Claims
UNIFI generally offers customers claims support or remuneration for defective products. UNIFI estimates the amount of its product sales that may be claimed as defective by its customers and records this estimate as a reduction of revenue in the period the related product revenue is recognized.
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2025 | Aug 26, 2025 | Showing above |
| 2024 | Aug 23, 2024 | |
| 2023 | Aug 25, 2023 | |
| 2022 | Aug 31, 2022 | |
| 2021 | Aug 25, 2021 | |
| 2020 | Aug 26, 2020 | |
| 2019 | Aug 29, 2019 | |
| 2018 | Aug 22, 2018 | |
| 2017 | Sep 1, 2017 | |
About Revenue Disclosures
Revenue disclosures under ASC 606 explain how a company identifies performance obligations, allocates transaction prices, and determines when revenue is recognized. This section is essential for understanding whether reported revenue reflects genuine economic activity or aggressive accounting choices. Analysts examine the mix of point-in-time versus over-time recognition, which directly affects revenue timing and comparability.
Key signals: rising contract liabilities (deferred revenue) suggest strong future revenue visibility, while declining contract assets may indicate slowing project milestones. Watch for variable consideration estimates — rebates, returns, and performance bonuses that require management judgment. Significant changes in disaggregated revenue by geography or product line can reveal shifting business mix before it appears in headline numbers. Compare revenue growth against contract liability growth to assess sustainability, and scrutinize any changes in the timing of recognition that coincide with earnings pressure.