secwatch.observer — SEC 8-K summary
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Issuer:     SUPERIOR GROUP OF COMPANIES, INC. (SGC)
CIK:        0000095574
Form:       8-K
Filed at:   2022-05-04T23:59:59+00:00
Accession:  0001437749-22-010763
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.0
LLM model:  deepseek-v4-flash:cloud@v2

Superior Group Q1 net sales up 1.9% to $143.6M; EPS drops to $0.32 from $0.66
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/95574/000143774922010763/0001437749-22-010763-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/95574/000143774922010763/sgc20220316_8k.htm
  HTML page:      https://secwatch.observer/filing/0001437749-22-010763

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer