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
Metric Beat/Mis Actual Consensu
s s
Estimate
Q3 Sales Miss $138.50 $142.80
mln mln (4
Analysts
)
Q3 Net $2.74
Income mln
Q3 $0.14
Dividend
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 ( SGC ) 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:
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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.)