Ever-Glory Reports First Quarter 2018 Financial Results
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Ever-Glory (EVK) Reports Q1 EPS of $0.06 on Revenues of $92.8M
May 15, 2018 6:09 AM EDTEver-Glory (NASDAQ: EVK) reported Q1 EPS of $0.06. Revenue for the quarter came in at $92.8 million
First Quarter 2018 Financial Results
Total sales for the first quarter of 2018 were $92.8 million, an increase of 9.0% from $85.1 million in the first quarter of 2017. This increase was primarily driven by an 18.9% increase in our retail business, partially offset by a 10.8% decrease in wholesale business.Sales for the Company\'s branded fashion apparel retail division increased by 18.9% to $67.5 million for the first quarter of 2018, compared with $56.8 million for the first quarter of 2017. This increase was primarily due to an... More