earnings
confidence high
sentiment negative
materiality 0.75
Superior Group Q1 net sales up 1.9% to $143.6M; EPS drops to $0.32 from $0.66
SUPERIOR GROUP OF COMPANIES, INC.
2022-Q1 EPS reported
$0.32
revenue$143,582,000
- Net sales $143.6M (+1.9% YoY); pretax income $6.7M vs $13.2M; diluted EPS $0.32 vs $0.66.
- Excluding PPE, net sales grew 21.8%; BAMKO +38.3% (ex-PPE); The Office Gurus +39.7%.
- Uniforms segment grew 5.6% (ex-PPE); company integrating sales forces and expanding to Dominican Republic.
- Operating margins pressured by supply chain, inflation, and management investments; target 10% margin by 2024.
- High-margin PPE sales declined sharply (Q1 2021 $26.8M vs minimal in Q1 2022), weighing on profitability.