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/Mis Actual Consensu

s s

Estimate

Q2 Sales Beat $144 mln $133 mln

(5

Analysts

)

Q2 Net $1.60

Income mln

Q2 $0.14

Dividend

Q2 $6.10

EBITDA 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 ( SGC ) 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:

(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.)