Superior Group Q2 core sales up 23% (ex-PPE); raises FY revenue view to ~$525M

SUPERIOR GROUP OF COMPANIES, INC.

2021-Q2 EPS reported $0.94 revenue$271,634,000

Net sales $130.8M, down 17.9% YoY as PPE declined; core sales up 23.1% excl. PPE.
Diluted EPS $0.28 includes $0.39 charge from pension plan termination; adjusted EPS $0.67.
BAMKO (promotional products) set record quarterly core sales; backlog 99.6% core products.
Office Gurus net sales up 72.6%; new seats added exceeded original full-year forecast.
FY2021 net sales guidance raised to approx. $525M; PPE expected to be under $45M vs $131.1M in FY2020.

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