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Superior of panies(SGC) - 2025 Q2 - Quarterly Results
2025-08-05 20:11
Exhibit 99.1 FOR IMMEDIATE RELEASE SUPERIOR GROUP OF COMPANIES REPORTS SECOND QUARTER 2025 RESULTS – Total net sales of $144.0 million, up 9% over $131.7 million in prior year second quarter – – Net income of $1.6 million, up from $0.6 million in prior year second quarter – – EBITDA of $6.1 million, up 9% over $5.6 million in prior year second quarter – – Continued to execute on stock repurchase plan – – Board of Directors approves $0.14 per share quarterly dividend – ST. PETERSBURG, Fla., August 5, 2025 – ...
Superior Group of Companies Reports Second Quarter 2025 Results
Globenewswire· 2025-08-05 20:05
Core Insights - The company reported total net sales of $144.0 million for the second quarter of 2025, representing a 9% increase from $131.7 million in the same period of the previous year [1][3] - Net income rose to $1.6 million, up from $0.6 million in the prior year second quarter, translating to earnings of $0.10 per diluted share compared to $0.04 per diluted share previously [1][3] - EBITDA for the quarter was $6.1 million, reflecting a 9% increase from $5.6 million in the second quarter of 2024 [1][3] Financial Performance - The company achieved a 9% growth in revenue, primarily driven by a 14% increase in Branded Products sales, indicating strong sequential improvement from the first quarter [2] - The pretax earnings for the second quarter were $1.8 million, up from $0.7 million in the same quarter of 2024 [3] - The company maintained its full-year revenue outlook in the range of $550 million to $575 million [6] Shareholder Returns - The Board of Directors declared a quarterly dividend of $0.14 per share, payable on August 29, 2025, to shareholders of record as of August 18, 2025 [4] - During the second quarter, the company allocated $4.0 million to repurchase approximately 390,000 shares, with $12.3 million remaining under its existing repurchase authorization at quarter end [5] Operational Strategy - The company is leveraging diverse sourcing channels and marketing strategies to navigate changing market conditions and invest for future growth [2] - The company continues to execute its stock repurchase plan, viewing it as a compelling value [2]
Here's Why Superior Group (SGC) Fell More Than Broader Market
ZACKS· 2025-07-30 23:16
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Superior Group presently features a Zacks Rank of #3 (Hold). Looking at valuation, Superior Group is presently trading at a Forward P/E ratio of 25.87. For comparison, its industry has an average ...
Superior Group (SGC) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-07-24 23:16
Group 1 - Superior Group (SGC) closed at $10.88, down 4.06% from the previous day, underperforming the S&P 500's gain of 0.07% [1] - The stock has increased by 11.5% over the past month, outperforming the Consumer Discretionary sector's gain of 4.6% and the S&P 500's gain of 5.71% [1] Group 2 - Superior Group is expected to report earnings of $0.05 per share on August 5, 2025, reflecting a year-over-year growth of 25%, with projected revenue of $134.2 million, up 1.86% from the prior-year quarter [2] - For the full year, earnings are projected at $0.41 per share and revenue at $559.79 million, indicating declines of 43.84% and 1.04% respectively from the prior year [3] Group 3 - Recent adjustments to analyst estimates for Superior Group can indicate short-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Superior Group at 3 (Hold), with no changes in the consensus EPS estimate over the past month [6] Group 4 - Superior Group has a Forward P/E ratio of 27.89, which is a premium compared to the industry average Forward P/E of 15.52 [7] - The company has a PEG ratio of 2.79, compared to the industry average PEG ratio of 2.07 [7] Group 5 - The Textile - Apparel industry, which includes Superior Group, ranks in the bottom 9% of all industries according to the Zacks Industry Rank, indicating weaker performance compared to other sectors [8]
Superior Group of Companies to Announce Second Quarter 2025 Results
Globenewswire· 2025-07-22 20:05
Core Viewpoint - Superior Group of Companies, Inc. will release its second quarter 2025 operational results on August 5, 2025, after market close, followed by a teleconference to discuss the results [1] Company Overview - Superior Group of Companies was established in 1920 and operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers, targeting large and growing markets [4] - The company focuses on enhancing shareholder value through organic growth and strategic acquisitions, leveraging its commitment to service, quality, advanced technology, and omnichannel commerce [4]
Superior Group (SGC) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-07-17 23:16
Group 1 - Superior Group (SGC) closed at $10.63, reflecting a -1.02% change from the previous day, underperforming the S&P 500's gain of 0.54% [1] - Over the past month, SGC shares have appreciated by 7.51%, outperforming the Consumer Discretionary sector's gain of 4.15% and the S&P 500's gain of 4.2% [1] - The upcoming earnings disclosure is expected to report EPS of $0.05, a 25% increase from the prior-year quarter, with revenue projected at $134.2 million, up 1.86% from the prior-year quarter [2] Group 2 - For the full year, analysts expect earnings of $0.41 per share and revenue of $559.79 million, indicating changes of -43.84% and -1.04% respectively from last year [3] - Recent adjustments to analyst estimates for Superior Group reflect shifting short-term business dynamics, with positive revisions indicating analyst optimism about the business and profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks Superior Group at 3 (Hold), with a Forward P/E ratio of 26.41, indicating a premium compared to the industry average of 14.28 [6] Group 3 - SGC has a PEG ratio of 2.64, higher than the Textile - Apparel industry's average PEG ratio of 2.03, which considers expected earnings growth [7] - The Textile - Apparel industry is part of the Consumer Discretionary sector and currently holds a Zacks Industry Rank of 222, placing it within the bottom 11% of over 250 industries [7] - The Zacks Industry Rank indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Superior Group (SGC) Suffers a Larger Drop Than the General Market: Key Insights
ZACKS· 2025-06-20 23:16
Company Performance - Superior Group (SGC) shares decreased by 2.5% to $9.74, underperforming the S&P 500's loss of 0.22% on the same day [1] - Over the past month, SGC shares appreciated by 1.32%, outperforming the Consumer Discretionary sector's loss of 0.1% and the S&P 500's gain of 0.45% [1] Upcoming Earnings - Analysts expect Superior Group to report earnings of $0.07 per share, indicating a year-over-year growth of 75% [2] - The consensus estimate for quarterly revenue is $135.03 million, reflecting a 2.5% increase from the previous year [2] Full-Year Estimates - Zacks Consensus Estimates project full-year earnings of $0.49 per share and revenue of $559.79 million, representing year-over-year declines of 32.88% and 1.04%, respectively [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Superior Group are important as they reflect short-term business trends [4] - Positive estimate revisions are viewed as a sign of optimism regarding the business outlook [4] Zacks Rank and Performance - The Zacks Rank system currently rates Superior Group as 4 (Sell), with the consensus EPS estimate decreasing by 13.6% over the past month [6] - Historically, 1 ranked stocks in the Zacks Rank system have yielded an average annual return of +25% since 1988 [6] Valuation Metrics - Superior Group has a Forward P/E ratio of 20.28, which is higher than the industry average Forward P/E of 13.65 [7] - The company's PEG ratio stands at 2.03, compared to the industry average PEG ratio of 1.98 [8] Industry Context - The Textile - Apparel industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 208, placing it in the bottom 16% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]
Is It Worth Investing in Superior Group (SGC) Based on Wall Street's Bullish Views?
ZACKS· 2025-06-20 14:36
Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Superior Group (SGC), and highlights the potential misalignment of brokerage firms' interests with those of retail investors [1][5][10]. Group 1: Brokerage Recommendations - Superior Group currently has an average brokerage recommendation (ABR) of 1.00, indicating a Strong Buy, based on recommendations from four brokerage firms, all of which are Strong Buy [2][4]. - Despite the Strong Buy ABR, relying solely on this information for investment decisions may not be advisable, as studies show brokerage recommendations often fail to guide investors effectively [5][10]. Group 2: Analyst Bias and Zacks Rank - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, with five "Strong Buy" recommendations for every "Strong Sell" recommendation, which may mislead investors [6][10]. - The Zacks Rank, a proprietary stock rating tool, categorizes stocks based on earnings estimate revisions and is considered a more effective indicator of near-term stock price performance compared to ABR [8][11]. Group 3: Earnings Estimates and Current Outlook - The Zacks Consensus Estimate for Superior Group has declined by 13.6% over the past month to $0.49, indicating growing pessimism among analysts regarding the company's earnings prospects [13]. - This decline in earnings estimates has resulted in a Zacks Rank of 4 (Sell) for Superior Group, suggesting that the previously favorable ABR should be viewed with caution [14].
Superior Group of Companies (SGC) Conference Transcript
2025-06-12 14:15
Summary of Superior Group of Companies (SGC) Conference Call - June 12, 2025 Company Overview - **Company**: Superior Group of Companies (SGC) - **CEO**: Michael Benstock - **CFO**: Mike Kempel - **Established**: Over 100 years ago, with Michael Benstock serving as CEO for 22 years [2][3] Industry Segments 1. **Health Care Apparel** - Largest and oldest provider of health care apparel in the U.S. - Serves approximately 12 million health care professionals [6][9] - Total Addressable Market (TAM) estimated at over $4 billion, with significant growth potential [10] - Strong brands include Wink and Fashion Seal Healthcare [8][9] 2. **Branded Products** - Provides promotional products and logo uniforms to major companies [12] - Industry size estimated at $26 billion with 25,000 competitors [15] - Notable clients include Taco Bell, Dunkin', and Tesla [13][14] 3. **Contact Center Services** - Operates as The Office Gurus, focusing on small to medium-sized businesses [19] - Fastest growing segment with a five-year sales CAGR of almost 22% [23] - Recognized for quality customer service and high customer retention [21][22] Financial Highlights - **Revenue Growth**: SGC has achieved an annualized growth rate of 11% across all segments [24] - **Cash Flow**: Positive free cash flow and reduced working capital and debt, with a net leverage ratio decreased by over 50% since 2022 [25] - **Dividend**: Consistent dividend payments since 1977, with discussions on future increases based on performance [26][54] Strategic Initiatives - **Market Share Expansion**: Focus on omnichannel strategies, including direct-to-consumer sales, to capture more market share in health care apparel [39][40] - **Capital Allocation**: Active share repurchase program with a recent authorization of up to $17.5 million [44] - **Acquisitions**: Plans for strategic acquisitions in branded products and contact center markets [46] Challenges and Opportunities - **Tariff Impact**: Health care apparel business is largely unaffected by tariffs, while branded products may see some pricing adjustments [30][31] - **Employee Retention**: Gifting remains a key strategy for customer loyalty despite budget constraints [35][36] - **Technological Investment**: Significant investment in AI technology to enhance service offerings in contact centers [47] Customer Relationships - Long-standing contracts with major brands like Walmart and CVS, indicating high customer retention and stickiness [50][53] Conclusion - SGC is well-positioned for growth across its diversified business segments, with strong financial health and strategic initiatives aimed at capturing market share and enhancing customer relationships [24][25][39]
Superior Group of Companies to Participate in the Sidoti June Investor Conference
Globenewswire· 2025-06-04 20:05
Company Overview - Superior Group of Companies, Inc. (SGC) was established in 1920 and operates in three business segments: Healthcare Apparel, Branded Products, and Contact Centers, which serve large, fragmented, and growing markets [2] - The company focuses on creating extraordinary brand engagement experiences for customers and employees through its commitment to service, quality, advanced technology, and omnichannel commerce, providing it with competitive advantages [2] - SGC aims to enhance shareholder value by pursuing a combination of organic growth and strategic acquisitions [2] Upcoming Events - The Chairman, President, and CEO, Michael Benstock, along with CFO Mike Koempel, will participate in a fireside chat at the Sidoti Virtual Investor Conference on June 12, 2025, at 9:15 AM Eastern Time [1] - A live webcast and replay of the event will be available on the company's Investor Relations website [1] - Management will also host virtual meetings throughout the day of the conference [1]