Superior Uniform Group Among Top Apparel Stocks in Third Quarter

Superior Uniform Group Among Top Apparel Stocks in Third Quarter

Superior Uniform Group (SGC), American Eagle Outfitters (AEO), and Family Dollar (FDO) were among the best performing retail apparel stocks in the third calendar quarter of 2014.

Superior Uniform Group (SGC) gained 33.6%, to $21.65, bringing its year-to-date gain to 38.6%. The manufacturer of uniforms, career apparel and accessories announced in July that second quarter fiscal sales and earnings, which included results of acquired uniform supplier HPI and reflected new programs at transportation and retail customers, far exceeded expectations. Sales were $53.2 million, compared with $30.9 million in the prior year’s second quarter. Net earnings were $3.9 million, or $0.57 per diluted share,more than double the $1.4 million, or $0.23 per share, in the second quarter of 2013. For the first half, sales grew 52 percent to $94.3 million, and earnings increased by 88 percent $5.1 million, or $0.75 per diluted share.

The approximately 100 U.S. industry stocks tracked by Sourcing Journal saw their average prices fall by a collective 1.4% in the July through September period, underperforming the Dow Jones Industrial Average, which advanced by over 1 percent.

Full article: https://www.sourcingjournalonline.com/superior-uniform-american-eagle-among-top-apparel-stocks-third-quarter

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