Jerash Holdings Q1 revenue surges 27% to record on shipments to key U.S. customers and Korean partner

Jerash Holdings (US)

10/08/2026 13:08

Overview
U.S. sportswear manufacturer's fiscal Q1 revenue rose 27% yr/yr to record high
Net income advanced more than fivefold compared to prior year quarter
Revenue growth driven by higher shipments to major U.S. customers and Korean partner

Outlook
Jerash expects fiscal Q2 revenue of $49 mln-$51 mln, subject to logistics amid geopolitical uncertainties
Company targets fiscal Q2 gross margin of 14-15% due to increased transportation costs for raw materials
Company says Middle East geopolitical developments could affect near-term export logistics and costs

Result Drivers
HIGHER U.S. SHIPMENTS - Increased shipments to two major U.S. customers drove revenue growth, per company
STRONGER MARGINS - Higher shipment volumes to U.S. customers and efficiency gains from automation improved gross margin, per company
FAVORABLE TRADE CONDITIONS - Duty-free access for Jordanian apparel exports to U.S. strengthened competitive position and supports future growth, per CEO Sam Choi

Company press release: ID:nACS8H4Rqa

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$50.20 mln
$47.90 mln (2 Analysts)
Q1 Gross Profit
 
$8.30 mln
 
Q1 Operating Expenses
 
$5.60 mln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 2 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the textiles & leather goods peer group is "buy"
Wall Street's median 12-month price target for Jerash Holdings (US) Inc is $6.00, about 20% above its August 7 closing price of $5.00
The stock recently traded at 12 times the next 12-month earnings vs. a P/E of 11 three months ago

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(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.)