Overview
Jerash fiscal Q1 revenue declines to $39.6 mln but beats analyst expectations, per LSEG data
Net income rises to $324,000 from a net loss of $1.4 mln last year
Gross profit increases 31.2% to $6.1 mln, gross margin improves to 15.4%
Outlook
Manufactures and exports custom, ready-made, sportswear and outerwear for leading global brands expects Q2 revenue of $40 mln to $42 mln
Company aims for Q2 gross margin of 15-16%
Jerash anticipates added capacity to boost Q2 performance
Company cautious about tariff changes and geopolitical instability
Result Drivers
CUSTOMER DEMAND - Increased demand as companies seek alternatives manufacturing partners to China and Southeast Asia, per CEO Sam Choi
LOGISTICS EFFICIENCY - Improved logistics and production planning reduced costs, aiding operating income
CAPACITY EXPANSION - Completion of facility expansion and onboarding of additional workers to support 15% production increase
Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$39.60 mln
$38.90 mln (2 Analysts)
Q1 Gross Profit
$6.10 mln
Q1 Operating Expenses
$5.10 mln
Press Release: ID:nACSP8fbpa
(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.)