Ever-Glory Reports First Quarter 2019 Financial Results
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Ever-Glory (EVK) Reports Q1 Loss of $0.04 on Revenues of $88M
May 14, 2019 6:13 AM EDTEver-Glory (NASDAQ: EVK) reported Q1 EPS of ($0.04), versus $0.06 reported last year. Revenue for the quarter came in at $88 million, versus $92.8 million reported last year.
First Quarter 2019 Financial Results
Total sales for the first quarter of 2019 were $88.0 million, a decrease of 5.2% from $92.8 million in the first quarter of 2018. This decrease was primarily driven by an 11.4% decrease in our retail business, partially offset by an 11.3% increase in wholesale business.Sales for the Company's branded fashion apparel retail division decreased by 11.4% to $59.9 million for the first quarter of 2019, compared with $67.5 million... More