Ever-Glory Reports First Quarter 2021 Financial Results

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Go back to Ever-Glory Reports First Quarter 2021 Financial Results

Ever-Glory (EVK) Reports Q1 Loss of $0.08 on Revenues of $70.8M

May 14, 2021 6:05 AM EDT

Ever-Glory (NASDAQ: EVK) reported Q1 EPS of ($0.08), versus ($0.18) reported last year. Revenue for the quarter came in at $70.8 million, versus $58.4 million reported last year.

First Quarter 2021 Financial Results

Total sales for the first quarter of 2021 were $70.8 million, a increase of 21.4% from $58.4 million in the first quarter of 2020. This increase was primarily driven by a 4.2% increase in our wholesale business and a 32.0% increase in retail business.Sales for the Company's branded fashion apparel retail division increased by 32.0% to $47.6 million for the first quarter of 2021, compared with $36.1 million for the first... More