Superior Group Q2 profit beats on strong branded products segment performance
Superior Group Q2 profit beats on strong branded products segment performance
Overview
US uniform and branded products supplier's Q2 sales rose, beating analyst expectations
Adjusted EPS for Q2 more than doubled from prior year and beat analyst expectations
Q2 adjusted EBITDA increased and beat analyst expectations
Outlook
Superior Group forecasts 2026 net sales of $572.0 mln to $585.0 mln
Company expects 2026 adjusted EPS of $0.54 to $0.66
Superior Group anticipates stronger results in second half due to seasonal factors
Result Drivers
BRANDED PRODUCTS - Co said Branded Products segment performed especially well in Q2, driving adjusted EPS increase
SOFT MARKET CONDITIONS - Co said it is navigating through soft market conditions
TRADE NAME IMPAIRMENT - Co recorded a non-cash trade name impairment charge in Healthcare Apparel segment, impacting reported net income
Company press release: ID:nGNX1rHSt7
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Sales | Beat | $147.80 mln | $142.86 mln (3 Analysts) |
Q2 Adjusted EPS | Beat | $0.21 | $0.10 (3 Analysts) |
Q2 Adjusted Net Income | Beat | $3.20 mln | $1.39 mln (2 Analysts) |
Q2 Net Income |
| $1.20 mln |
|
Q2 Adjusted EBITDA | Beat | $7.70 mln | $6.42 mln (3 Analysts) |
Q2 Dividend |
| $0.14 |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the apparel & accessories peer group is "buy"
Wall Street's median 12-month price target for Superior Group of Companies Inc is $17.50, about 35.4% above its August 3 closing price of $12.92
The stock recently traded at 18 times the next 12-month earnings vs. a P/E of 17 three months ago
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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Superior Group Q2 profit beats on strong branded products segment performance
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