Superior Uniform Group announces Q2 reports on July 28
28 Jul '05
3 min read
Florida based outstanding apparel and accessories provider Superior Uniform Group Inc announced for the second quarter ended June 30, 2005, sales were $34,858,915 compared with 2004 second quarter sales of $35,400,090. Net income was $646,533 or $.09 per share (diluted), compared with net income of $1,277,333 or $0.17 per share (diluted) in the 2004-second quarter.
For the six months ended June 30, 2005, sales were $66,716,004, compared with sales of $69,165,310 in the six months ended June 30, 2004. Net income for the six months ended June 30, 2005 was $785,975 or $.10 per share (diluted) versus a net income of $2,407,801 or $0.32 per share (diluted) in the first six months of 2004.
Michael Benstock, Chief Executive Officer, commented: "During the first quarter of 2005, the difficulties experienced with the implementation of upgraded warehouse were very tough on the company and on customers. While company were able to correct the operational problems at the beginning of the second quarter, company sales results were impacted as certain customers reduced their volume of business at that time.
They recognize that this has resulted in a loss of certain business in the short-term, but company believe that this upgrade in warehouse technology will help to keep their company in the forefront of distribution technology and will give the competitive advantage that they need to better service customers in a very competitive marketplace in the future. Despite the current setback in our customer base, they are continuing to focus their efforts on building a world-class sales force and top grading our organization. Company financial strength has allowed us to weather these difficult times. They believe that they are building the right sales and marketing teams and that their efforts will ultimately result in a much-improved sales profile going forward.
marketing@alchempro.com
