Jerash Holdings Q4 revenue rises on higher exports
Jerash Holdings Q4 revenue rises on higher exports
Overview
U.S. sportswear exporter reported fiscal Q4 revenue up 46.6% yr/yr
Net income for fiscal Q4 improved to $1.7 mln from a loss last year
Outlook
Jerash expects fiscal 2027 Q1 revenue to rise 20-22% over $39.6 mln last year
Company anticipates fiscal 2027 Q1 gross margin of about 15-17%
Company says production facilities are fully booked through December 2026
Result Drivers
HIGHER EXPORT SHIPMENTS - Q4 revenue growth was primarily driven by increased export shipments to key long-standing customers and new customers such as Hansoll Group
LOWER OPERATING EXPENSES - Operating expenses as a percentage of revenue fell due to improved control over export logistics costs and lower stock-based compensation
PRODUCTION EFFICIENCIES - Improved production efficiencies and reduced customer concentration helped smooth seasonality and supported higher sales and margins
Company press release: ID:nACSgGyRWa
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q4 Revenue | Beat | $42.90 mln | $36.20 mln (2 Analysts) |
Q4 Gross Margin |
| 17.10% |
|
Q4 Gross Profit |
| $7.40 mln |
|
Q4 Operating Expenses |
| $5 mln |
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
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Jerash Holdings Q4 revenue rises on higher exports