Superior Group of Cos: Surges on strong quarterly sales, special dividend

Superior of Companies

29/07/2020 16:04

** Apparel retailer's shares  SGC.O  rise 22.8% to $17.30 
    ** Co's Q2 rev rises 75% to $159.4 mln  urn:newsml:reuters.com:*:nGNX6WKSJd
    ** Cites strong demand for its personal protective equipment
(PPE) kits as main factor for rise in sales
    ** SGC reinstates regular $0.10/shr dividend and declares
$0.10/shr per share special dividend  urn:newsml:reuters.com:*:nGNX6WKSJd
    ** "We ended the quarter with a very strong backlog,
including nearly $52 mln of PPE products expected to ship
primarily during Q3 and Q4" - CEO Michael Benstock
    ** Stock up 23.3% YTD

 (Reporting By Shivani Kumaresan in Bengaluru)
 ((Shivani.Kumaresan@thomsonreuters.com ; +1 646 223 8780))