US: Superior Uniform Q2 earnings and sales climb
- Q2 earnings reach US$3.9m
- Sales soar 72% to $53.2m
Career and workwear manufacturer Superior Uniform Group saw both earning and sales climb in its second-quarter.
In the three months to the end of June, net profit reached US$3.9m. This compared to earnings of $1.4m in the prior year period.
Sales soared 72% to $53.2m from revenues of $30.9m in the comparable period last year.
"Obviously, several factors came together and were well aligned at the same time in order for us to deliver stellar results of this magnitude," said CEO Michael Benstock. "While this level of earnings is not to be expected each quarter, our overall backlog in the uniforms and 'related products' segment remains very strong and we expect to continue to report strong earnings in this segment as we move forward.
- TPP trade pact in milestone signing by 12 nations
- US apparel retailers' January 2016 sales roundup
- Esquel backs Chinese Sea Island cotton production
- Cheap polyester contributes to cotton import shift
- Under Armour defends questions over strategy
- Southeast Asia – a strategic sourcing review
- H&M and Primark price rivalry reaches equilibrium
- Bangladesh factory fire renews worker safety fears
- Ethiopia textile and apparel exports lagging
- Hanesbrands Q4 performance “disappoints”
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar
- Wearable technology: The future market potential for smart garments and e-textiles
- Global market review of denim and jeanswear – forecasts to 2021
- Wearable Technology Market by Product, Application, Type, & Geography - Global Forecast to 2020
- E-Textiles: Electronic Textiles 2014-2024