American uniform manufacturer SGC posts Q3 sales of $123 mn

Superior Group of Companies (SGC), a US-based manufacturer of uniforms, has reported a 3.5 per cent sales decline to $123.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the corresponding period of previous fiscal. Net income for the three-month period slipped to $8.2 million (Q3 FY20: $9.9 million).

 

Superior Group of Companies (SGC), a US-based manufacturer of uniforms, has reported a 3.5 per cent sales decline to $123.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the corresponding period of previous fiscal. Net income for the three-month period slipped to $8.2 million (Q3 FY20: $9.9 million). #

“We are encouraged by the momentum of our core businesses and believe we are well positioned to take market share across our portfolio of core products and services. Excluding the impact of PPE sales, we saw remarkable growth in our promotional products segment and our remote staffing solutions segment,” Michael Benstock, chief executive officer at SGC, said in a press release.

 

Superior Group of Companies (SGC), a US-based manufacturer of uniforms, has reported a 3.5 per cent sales decline to $123.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the corresponding period of previous fiscal. Net income for the three-month period slipped to $8.2 million (Q3 FY20: $9.9 million). #

“Uniforms and related products reported growth in net sales of 3.9 per cent, excluding the impact of PPE sales and in spite of continuing headwinds from global supply chain and logistical issues,” Benstock continued.

 

Superior Group of Companies (SGC), a US-based manufacturer of uniforms, has reported a 3.5 per cent sales decline to $123.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the corresponding period of previous fiscal. Net income for the three-month period slipped to $8.2 million (Q3 FY20: $9.9 million). #

Costs and expenses during the quarter totalled to $113.3 million ($115.6 million). Pretax income decreased to $10.0 million ($12.1 million).

 

Superior Group of Companies (SGC), a US-based manufacturer of uniforms, has reported a 3.5 per cent sales decline to $123.3 million in the third quarter (Q3) of FY21 ended on September 30, 2021, compared to the corresponding period of previous fiscal. Net income for the three-month period slipped to $8.2 million (Q3 FY20: $9.9 million). #

“We continue to see increasing opportunities for growth as business activity normalises. We are well positioned with strong tailwinds in all of our core businesses and expect to continue to report strong sales and earnings for the balance of 2021,” Benstock concluded.