Ever-Glory International Group Inc. (EVK) stock plunged during pre-market. Here’s what’s happening – Marketing Sentinel
Home  »  Today's Pick   »  Ever-Glory International Group Inc. (EVK) stock pl...

Ever-Glory International Group Inc. (EVK) stock plunged during pre-market. Here’s what’s happening

Ever-Glory International Group Inc. (NASDAQ: EVK) stock gained by 6.72% at last close whereas the EVK stock price declined by 6.69% in the pre-market trading session. Ever-Glory International Group located in Nanjing, China, is a prominent worldwide garment supply chain solution provider as well as a retailer of branded fashion clothing.

EVK stock’ Financial Highlights

The financial figures for the third quarter ended September 30, 2021, were released by Ever-Glory International Group.

3 Tiny Stocks Primed to Explode The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.

We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.

Click here for full details and to join for free.

Sponsored

  • For the third quarter of 2021 total sales were $94.4 million which is a rise from $79.9 million in the third quarter of 2020 by 18.1 percent.
  • Total gross profit declined by 2% to $23.2 million in the third quarter of 2021, relative to $23.7 million in the third quarter of 2020.
  • The retail division’s gross profit fell 10.3% to $13.0 million in the third quarter of 2021, compared to $14.5 million in the third quarter of 2020.
  • In the third quarter of 2021, gross profit for the wholesale company climbed by 11.2 percent to $10.2 million, up from $9.2 million in the third quarter of 2020.
  • For Q3 2021, the selling expenses have surged by 11.1% to $14.4 million or 15.3% of total sales whereas the selling expenses in the third quarter of 2020 was $13.0 million or 16.3% of total sales.
  • General and administrative expenses climbed by 21.1 percent to $9.5 million, or 10% of total sales, in Q3 of 2021, relative to $7.8 million, or 9.8% of total sales, in the third quarter of 2020. Increased pay was to blame for the rise in G&A expenses.
  • In the third quarter of 2021, the Company’s net loss was ($3.2 million), compared to $2.2 million in the third quarter of 2020. In the third quarter of 2021, the basic and diluted loss per share was ($0.22), compared to $0.15 in the third quarter of 2020.

Mr. Yihua Kang, Chairman, President, and CEO of Ever-Glory, stated,

They continued to concentrate on building their retail business through the multi-brand approach and store network optimization programme in the third quarter, while also strengthening the wholesale business by improving their customer portfolio and enhancing their account receivables.

Leave a Comment

Your email address will not be published. Required fields are marked *

On Key

Related Posts

SPECIAL GIFT

WE HAVE A GIFT FOR YOU

Download Free eBook For

7 GROWTH STOCKS FOR 2021

173226

100% free. stop anytime no spam