A method of forming a circular knit fabric includes feeding a multi-filament non-elastomeric yarn from a first spool into an aperture defined in a yarn carrier plate that guides the non-elastomeric yarn sequentially to a series of knitting needles spaced about a circular needle array; while feeding an elastomeric yarn from a second spool to the yarn carrier plate, such that a fabric is knit to have a ground comprising both the non-elastomeric yarn and the elastomeric yarn. The non-elastomeric yarn and the elastomeric yarn are fed together into the carrier plate aperture in an untwisted, unwrapped relation, such that the fabric ground is knit to have a technical face in which portions of the non-elastomeric yarn are exposed in some areas and portions of the elastomeric yarn are exposed in some areas.