Overview

• Superior Group Q3 net sales of $138.5 mln missed analyst expectations

• Net income for Q3 was $2.74 mln, down from $5.4 mln last year

• Company maintains quarterly dividend at $0.14 per share

Outlook

• Company updates full-year revenue outlook to $560 mln - $570 mln

• Superior Group leverages diverse supply base amid trade policy volatility

• Company says strong balance sheet supports future growth investments

Result Drivers

• SG&A IMPROVEMENT - SG&A expenses fell 7.4% yr/yr, which may benefit future profitability

• ENHANCED SELLING CAPABILITIES - Co says enhanced selling capabilities and competitive advantages are driving growth in business pipelines

• DIVERSE SUPPLY BASE - Co leveraging diverse supply base and offering alternative products and solutions

Key Details

Analyst Coverage

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "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 $18.00, about 48.1% above its October 31 closing price of $9.34

• The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 15 three months ago

Press Release: ID:nGNX6PfJf3

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(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.)