Overview
Superior Group Q2 net sales rise 9%, beating analyst expectations, per LSEG data
Net income for Q2 increases, reflecting improved operational performance
Co continued stock repurchase plan and maintained quarterly dividend
Outlook
Company maintains full-year revenue outlook of $550 mln to $575 mln
Superior Group to leverage diverse sourcing channels for growth
Result Drivers
BRANDED PRODUCTS - Sales of Branded Products rose 14%, driving overall revenue growth, per CEO Michael Benstock
STOCK REPURCHASE - Continued stock repurchase plan, with $4.0 mln allocated to buybacks in Q2
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $144 mln | $133 mln (5 Analysts) |
Q2 Net Income | $1.60 mln | ||
Q2 Dividend | $0.14 | ||
Q2 EBITDA | $6.10 mln |
Analyst Coverage
The current average analyst rating on the shares is "strong buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy."
Wall Street's median 12-month price target for Superior Group of Companies Inc is $16.00, about 38.8% above its August 4 closing price of $9.79
The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 12 three months ago
Press Release: ID:nGNX5ZgSbj
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)