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UNIFI COMMENTS ON CURRENT MARKET ENVIRONMENT

 GREENSBORO, N.C., Sept. 24 /PRNewswire/ -- In a conference call this morning with analysts and institutions, William T. Kretzer, CEO of Unifi, Inc. (NYSE: UFI), made the following comments concerning the company's current business outlook:
 "On July 21, 1993, we announced record sales and earnings for our fiscal year ended June 27, 1993. At that time we also indicated that while our domestic business had been excellent, there were signs that it was slowing. Indeed, as the first fiscal quarter unfolded, domestic business has slowed. The company is experiencing lower operating rates, margin pressures in some business segments, and higher costs and increased depreciation levels due to plant modernization and expansion. In Europe, our volumes are satisfactory but margins continue under pressure.
 "In this operating environment, we expect to report lower earnings in the first quarter, as compared to the year-ago period, and we can foresee little change to this environment in the near term.
 "Capital projects recently completed and those moving toward completion during the fiscal year add to our already strong market share and cost positions in each of our key business segments. Our balance sheet remains extremely strong and we feel well-positioned to respond to market opportunities as they present themselves."
 -0- 9/24/93
 /CONTACT: Robert A. Ward, Executive Vice President of Unifi, 919-316-5461/
 (UFI)


CO: Unifi, Inc. ST: North Carolina IN: TEX SU: ERP

MM -- CH003 -- 5325 09/24/93 09:38 EDT
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Publication:PR Newswire
Date:Sep 24, 1993
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