Home / Knowledge / News / Apparel/Garments / Superior Uniform's CEO pleased with Q1 results
Superior Uniform's CEO pleased with Q1 results
23
Apr '11
Superior Uniform Group Inc, manufacturer of uniforms, career apparel and accessories, announced that for the first quarter ended March 31, 2011, earnings were $598,922 or $0.10 per share (diluted) compared with $508,217 or $0.09 per share reported for the quarter ended March 31, 2010. Net sales for the 2011 first quarter were $26,898,600 compared with 2010 first quarter sales of $25,979,862.

In making the earnings announcement, Michael Benstock, Chief Executive Officer, stated: "We are very pleased to report increases of 3.5% in our net sales and 17.8% in our net earnings in the first quarter. Our core business has solidified and we continue to reap the rewards of the significant improvements we have made to our cost structure over the last several years.

“We would be remiss if we did not acknowledge the uncertainty related to the shortage and skyrocketing prices of cotton and polyester, both of which are very important to our business continuity. We believe that we have taken reasonable precautions to mitigate the impacts of these unprecedented events. Additionally, as we previously announced, we launched our new division, everyBODY media during the first quarter. Our operating results include approximately $325,000 of expenses associated with this new venture.

“We have received very favorable responses from the market relative to the concept and expect to begin seeing revenues from this division in the latter part of this year. Additionally, we are beginning to see significant growth in revenues from our near-shore call center business, The Office Gurus. Net sales for the first quarter of 2011 were $576,000 compared to $68,000 in the prior year first quarter.

“We expect to continue to see accelerated growth in our call center vertical going forward. Our financial position remains very strong and continues to provide us with the ability to invest in new ventures such as everyBODY media and The Office Gurus as well as to continue to explore strategic acquisitions.”

Superior Uniform Group Inc

Must ReadView All

Textiles | On 20th Jan 2017

TEA expects budget to upscale textile skill industry

The Tiruppur Exporters’ Association (TEA) has requested the Central...

Textiles | On 20th Jan 2017

Bangladesh could earn $60 billion in exports by 2021

Bangladesh is expected to earn over $60 billion in exports by the...

Courtesy: PIB

Textiles | On 20th Jan 2017

Govt to help Tangaliya weavers purchase looms: Irani

Government of India will facilitate Tangaliya weavers in purchase of...

Interviews View All

Giovanni Pizzamiglio, Paolo Crespi & Riccardo Robustelli
Epson, For.Tex & F.lli Robustelli

‘The percentage share of printing in the global textile market is pretty...

Milind Khandwe
Hindoostan Innovation Centre

‘Modern technical textile is an indispensable tool for science and...

Akash Khetan
Narayan Tex Fab

I find it hard to find professionals in Surat

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Mohammad Hassan
Biax Fiberfilm

About one in every 20 patients picks up an infection while hospitalised....

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Judy Frater
Somaiya Kala Vidya

Among the many honours showered on Frater, including Fulbright and Ford...

Tony Ward
Tony Ward

"You have to truly understand what your client wants, know her needs, what ...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
January 2017

January 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search