- Earnings call transcript Q3 2022

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Operator

Good afternoon, everyone, and welcome to Superior Group of Companies Third Quarter 2022 Conference Call. With us today are Michael Benstock, the company’s Chief Executive Officer; Mike Koempel, the Chief Financial Officer; and other members of the senior management team.

As a reminder, this conference call is being recorded. This call may contain forward-looking statements regarding the company’s plans, initiatives and strategies and the anticipated financial performance of the company, including, but not limited to sales and revenue. Such statements are based upon management’s current expectations, projections, estimates and assumptions. expect, words think, such and will, variations hope forward-looking as such of similar such believe, outlook, anticipate, and statements. Words expressions identify

reliance that disclosed to involve cause statements. suggested potential Such carefully such statements company known The readers ended uncertainties in Shareholders, herein, unknown forward-looking and are company’s forward-looking factors forward-looking the consider and undue statements Forward-looking made these not are and further and other by on Commission, on to, and the future evaluating cautioned the limited and the statements. materially urged differ investors uncertainties results are quarterly filings to place risks to update from will in that, periodic those with risks Form for forward-looking Benstock. Form but Sir, XX-K begin. including, XX-Q. the with law. herein XXXX, you over the Mr. Securities statements I not by required except December to the on reports not may does undertake as year And turn Annual the and may floor to Report XX, the contained Exchange company’s

Michael Benstock

by members Strategy year. growth our executive how including by with our we’re third evolving Donlan; and performance the afternoon, our Andy and I’ll XX.X% provide our Branded Apparel segment, our President Koosed; of President Thank Beldotti of which $XXX.X conference Products quarter, us, highlights We’ll the This including XXXX everyone Catherine in Branded third Dominic through third versus for continued our year, the capitalize of as Phil and performance for of of decreased then XXXX Contact million, Centers financial I $X.X the the sharing Leide. from discuss X third the of consolidated to our Healthcare usual more quarter quarter segments, Centers leadership Himelstein; you, Chief revenue strategy Product by Contact be Jake Demott; for growth will our environment. million the joined revenues our $XX.X primarily segment, to million, grew Q&A, segments. third outlook EBITDA relative to adjusted of our decline quarter the the third ahead quarter opportunities business our COO, in President Officer; will the for segment, led call. finish our Apparel and results. segment, other by quarter begin then, driven operator, versus welcome and will current quarter due on our And in last of on Overall, healthcare of managing the market. softness of each to macro details Mike the Consolidated Healthcare continued

our start segments, segment. Now, with Healthcare results we’ll looking the by at Apparel

of Apparel from the the During in for or million, softness down $XX million continued last million, down the quarter, Healthcare healthcare EBITDA was third $X.X XX% reflecting quarter year. to revenues last $X.X year, market.

year. EBITDA revenues clearly to quarter improve compared second are healthcare While this our results the both of and below expectations, did

operates year, more Apparel ability numerous our of quarter, every our challenges X believe was Healthcare million to day. part improve caregivers to due we wearing with recognizable that market inventory began offset growth to we But the and positive more Despite saturated customers. institutional in in momentum brands improvement levels. the market in challenges During continued see the Apparel Healthcare our than retail brands the by the short-term in than with long-term essential highly SGC this profitability.

as the a market. broadening and products, capitalize adding In as market, We of customers, new on the continue markets to range and is to what toward approach. we’re offer one-stop widest shop growing well in large solutions working our order omni-channel products

Product May down an Mill revenues was Branded Guardian million $X attributable to XXXX, primarily our the decline or segment, year. by was driven increase acquisitions the Sutter’s XXXX, of $XX sales the slight to EBITDA support which to XX%, technology and due The of to and million, driven growth. to third next up in quarter was investments respectively. future from compared Turning XXXX, talent in quarter last $X.X in EBITDA by million, for SG&A, and in December

merchandise For total fragmented. Branded $XX the highly market Products, uniforms, remains including billion of and addressable domestic branded

is Our quality-branded a offerings yet and runway long for suggesting less than are again share and our X%, unique customized, market growth.

to rate or segment quarter million, revenues the during XX%. quarter, third year-over-year Center generated our Center turning Contact Now, growth of a segment $XX of third our Contact

remained attractive shareholder value. how of performance Our businesses strong financial creation growth high our reflecting EBITDA margin this and at for XX%. overall Again,

our investments existing customers’ aging in camps the opening Republic we’ll at growth in as our Contact Dominican country on take to business, our ability in customers Xth the quarter, rate. our Our such Center this well to accelerate drive during grow larger as as

customers of strong. potential pipeline very Our remains

and margin growth X among review the EBITDA of in continued to I’ll highest our margins implications the our have strong that, With overall our financial results it our turn will Mike segment profitability. to Center SGC Contact With for segments, greater positive detail. over

Mike Koempel

Thank good and everyone. you, Michael, afternoon,

of of $XXX.X financial of $XXX.X XXXX, of during XX.X%. quarter versus SGC increase the an the to consolidated the Turning million third highlights third reported quarter, million revenues

to quarter XX.X% for the Haiti sales our of our for planned of percent variances driven in volume the part gross decrease the production XX.X% inventory and The as manufacturing expenses resulting quarter quarter XX.X% XXXX. Our lower inventory SG&A quarter, moving items, compared incremental XX.X% third which XXXX. slow was to initiative. margin by of reduction for third the a compared reserves facility, of margin in for were from gross in was was as

$X.X sales, increase includes as deleverage put SG&A from in adjustment a resulting value Apparel sales. decrease the quarter a the stock fair expense a third percent benefit due associated The million liability. to of was Healthcare a XX% Overall, with of

is Center headcount costs $XXX,XXX additional our average associated of The segments, The per share, expense for and and or August, outstanding. higher loss driven with of diluted to share Interest $XXX,XXX million higher quarter increase debt support interest quarter the depreciation income related to $XX.X compared write-off infrastructure of severance. diluted deferred increase $X.XX and net by In amortization, per and in Contact net our to expenses costs million, approximately the Products for $X.XX compared of addition, million, growth refinancing was last $X.X debt was rates in and XXXX. to third financing we had year. the or $X.X Branded on

affect million the the of a value, of charge flow $X.XX pre-tax, goodwill cash quarter $XX.X a share. does future per activities Based perform our or related impact requirement remaining the non-cash we million net XXXX, operating During or the experienced thereby on from or of quantitative charge third analysis, to cash a recognize no debt triggering operations. impairment in impairment to test. market on decline the company position, This company’s tax, covenants, bank has $XX.X diluted and not goodwill

the income net of capitalized or share, $X.X impairment diluted SGC income Excluding $X.X per quarter well compared remains quarter per for of XXXX. net was third charge, the million to $X.XX diluted $X.XX third million, opportunities share by times across continues shown through all resilience its growth with financial on and managing its efficiencies. operate focusing operational on and profitable has improving effectively to the market. challenging SGC and emphasis continued of by or

prior September and million. equivalents, elevated as flow continues operating with negatively flow, be XX, XXXX, impacted by cash balance cash sheet In terms cash inventories. $XX.X were Consistent the of cash quarters, to of and

XXXX. significantly a our As reduce which inventory to levels, continue in optimize result, reduce and enable levels buying will we our us to

focused of X.X ratio spending our focus leverage leverage inventory, We and we remain EBITDA tightly elevated, times, our our inventory net an Our below but management with on is are our over Consistent managing in optimization to our efforts on only. investments expense remains business covenant emphasis critical time. order on capital with limit. covenant our reduce

over expenditures XX% quarter. to result, remains announced a Also, our last the a $X.XX capital from during of SGC our returning per year-to-date committed share As and year. capital shareholders down to dividend are

in remain in delivering further macroeconomic and committed $X call, cost As our continue earnings will business of savings savings. to areas second at operating Recognizing for efficiencies. the we quarter evaluate we least identified challenging all our we environment, to mentioned, the million we annualized any

guidance updating line With that, terms million in previous $XXX reflect compared are million, year like $XXX to open full as XXXX would guidance, sales million. $XXX the to our the to from ask we to ranging to sales Lastly, I of million range our to for $XXX of operator questions.

Operator

first with your and open at Please Kevin question. time, we Instructions] questions. Barrington today floor Ladies our question And from comes Steinke for Research. ahead this go will from [Operator the gentlemen,

Kevin Steinke

gains, and customers current demand you I economic the Good environment wanted afternoon. if about asking start uncertainty, marketing Products, how more for meaningful see as you off to driving by any forward? budgets continue pullback I seen them Branded yet? any you to given and Or your overall as environment you flavor the see it just – demand for view guess, going sales do ability trends share

Michael Benstock

on We have the Jake call.

take jump will you in? why that Kevin, Jake thanks us, one you, Jake, don’t for from joining So Kevin.

Jake Himelstein

of time concerns, clients seen to in thanks which is coming generally marketing But have COVID, flip is, the we we’ve do good thing side every our and challenging Products. QX, that generally Kevin, share in from other wallet a this back for conferences continue spend. Hey, lot out in rates conferences, events bigger new seen for we’ve a signal the QX, environment. a of But of right, getting and pursuing question. this Branded of clients. to through recession with and history higher our combat We returned, the events return operate interest the to A pull first and is person existing

our those the prior quarters strong. start So And XXXX. some couple in really the through referrals, strong quarters, been it and will that delivering to talked revenue pulled pipeline big about pipeline RFP key in wins in in really, last of where months has couple is Kevin, past RFPs

investments. kind acquiring really our share competitors our we in really it’s landing do environment. in react, spot really a They active pull they’re back struggle and and know new right, operating difficult operating sales environment. in tech for support, they than how this market recruiting, We are less more were clients clients being in rep don’t reps growing sales of to So their appealing

big is, we’re hit a really next and the us of over really everything tech’s strong that taken for be year-to-date. path So growth at couple in will And we this a pretty look diversified right, too weight single a uniforms, industry industry having of allows products results big our terms any and overall. in so us across to that on shield kind from of branded of quarters branded

Kevin Steinke

to thanks. Jake. ask elevated to due to by inventories. I on improvement segment, about some also further the in Do those down? some the side, some Thank in inventory institutional levels channel murky you the visibility wanted fairly this kind being have Healthcare timeline retail worked of noted the of still offset Apparel Okay, on it you you softness at for any perhaps color, of is retail and Or point? just continued

Michael Benstock

jump that. you let in I’ll Catherine, on

Catherine Beldotti Donlan

From economy Hi, marketplace an to wish a on Thanks for crystal healthcare Sure. an see overall from a overall standpoint, the I when shift Kevin. had question. we going are ball standpoint. I

marketplace much similar the What where I is, would very initiatives we that our invest and are retail our brand on stabilizes future, down and our grow as we there omni-channel our We with are elevated consumer thinking in inventory brands frankly really in through or and are presentation. partners. business say working demand healthcare drive Kevin really really our on with about quite to the a future. reignite doubling hope to focus, are strategy to level, And stabilizes focused of we to really many want reset approach really more consumer to to how on to out the take

is, longwinded any for we we So timeline relief. answering macroeconomic may have conditions the a while into are my insight of that way don’t provide overall hopeful

Kevin Steinke

from as Okay, And, in omni-channel I wanted a and long also – ask understand strategy to that. business perspective? discuss few any or any job, about can hear just you’re going thoughts. more talking, channel, I take I’d you so vision you’re mentioned mean, more now I healthcare, to plans for and months Catherine, that any extent understood. you sales yeah, the to to the I where there you’re be interested omni-channel that into as that

Catherine Beldotti Donlan

Yeah, absolutely. Thanks.

with also She in say investing I talent, digital to we create, drive help But whether we We last standpoint, believe, really an focused started and marketplaces, And I Raeimer] the [Holly have that primary show tools. up tell talent starting the her whether retail I in thrilled I is initiative. mentioned SVP the with leading is growth partners. when story time she we been board. our of only on – [ph], elevating have effort. as brought on focused that so who she Digital, how our September, but well strategies, as and as on see beginning to how going we’re marketplace, at of is on first our really that’s on digital a our that’s And we to not with want

The on reigniting WonderWink other focused is our thing really brand. resetting we’re that and

is We brought who this have marketing are our who Kapplani] brand on and [ph], seasoned us helping taking executive, opportunity, is in we really [Chu strategy. brand positioning and work

story our So we marketplace. we really investor consumer focus storytelling that key in bringing the we distribution, narrow best have trying to create about believe more marketplace, to growth branded a looking And of of of strategy tell are think channel in on we’re really forward trying the our where the when elevated environment. level opportunity partners to I on and partnership that by to to this

Kevin Steinke

I well, next adding Is you. for Contact Dominican few operation of to thank as strong on as continued an year-to-date, and update agents maybe over billable capacity obviously, move and hit plans segment we on up quarters now Republic the also number the and just your added here? growth some Okay, Center wanted there. running

Michael Benstock

all that’s yours. Dominic,

Dominic Leide

Great Yeah. questions, Kevin.

to that’s Republic, Dominican yes, bureaucracy. we’re the So the the and potential out hiring Republic then just for, what Dominican hoped we’re was rolling on a month a roughly Office of the in about rocking really actually start for But, but It and due are we that excited Gurus. we now of amount the behind way, fair we October, operational. for started now, a slower schedule,

additional potential customers and support we of terms customers, we’re both In I to capacity, existing right in think positioned now, the growth that well the the have from pipeline.

see right it future don’t now in we investments as and immediate additional capacity So any stands. capacity

Kevin Steinke

headlines issues, supply to they Okay, do there’s lot wanted chain Or you? to any a lastly, calm to trending meaningful guess, then, they I And around thank of you’re now, for if you elevated inflationary I are just And any How remain you. of ask know connected continuing experience how down? that. China. about I disruptions, for headwinds kind

Michael Benstock

Kevin. Okay. is Thanks, question. to the I This take Michael. get

just not on. that, our I definitely amount fabric the usually have but China not or traffic the currently at of has are a supply in inflationary year end. port. eased it’s the way that our chain We to ports of having of it anywhere end in all, weeks raw to sometimes. producing really of in things has But or garments, of a the – any promotional has up anywhere up. delay to related go this of but products a There’s we’re in at days you still or certain it what getting XXXX and chassis or give to from the related moved results uncertainty sourcing yes. single as issues digits that own most the compared really now, shortage far pressures, down, beginning about a States, always, Asia, U.S. was United couple at the fair There’s over that digits by in just in XXXX a few as saw We to as It’s not year examples. mid-single couple XX%. eased up from And, the materials,

have costs down. come easing logistic definitely we’re seeing an So there

costs. the higher Of logistic cost sitting carried as our of the course, that the shelf, inventory of unfortunately, fabric higher doesn’t on those a affect well costs, shelf, on us, the necessarily inventory as lot and our

most with that’s to deal raising to dealt prices offset and we’ve got of that. through So customers we’ve something that to with

been raw of materials it with we do logistics the us, divisions is they’ve us, well functions. offshore, divisions around we that and centers respect all but than lot branded our they actually continue own continue manufacturing for a high of where going costs abundance for they challenges garment or at make and for our most that to U.S. to get world, health as should also which a I hope hiring our doing merchandise pay. are the presume a would both that not the support that for competitive continue, rate of larger competitive And it’s as in uniform fortunately are But and our I ever or and our of competitors, there done employment we such of There distribution – are as with definitely, better this in our us are are there’s when situations. is competitors. to so, whether pay ultimately job higher of a more

Kevin Steinke

and pass for Okay, Thanks. along. insight it thank I’ll you the all

Michael Benstock

Kevin. Thanks,

Operator

comes question your next question. from Tim Please with Hutton. EF ahead Our from go Moore

Tim Moore

when nice for from general Thanks. which out my the margin were and commented keep What obviously to both was Healthcare your just there sharing gross I has the branded sentiment so separate see improvement to and the other the given start with some with see Apparel, this a It behavior on. end asked. want they side, in that EBITDA, are of sequential customers already since changed announced? margin, questions and behavior, are their uniform you for being summer? What’s layoffs lot their with you touch you

Michael Benstock

in jump do of [that’s want [ph]? that you Jake, on to BAMKO] part

Jake Himelstein

were typically means uniforms, employees amongst higher purchased. good that turnover uniforms a Hi. being branded It released churn, higher for actually Tim, there’s Yeah, us, We more right?

that So airlines in at for people times higher we in jobs QSR. where in space turnover, good or there’s typically like are leaving us, the a That’s higher see pace.

completely recession a to expensive as might less don’t we’re by branded talked in recession, where gaining down the uniform impacted the But on expensive attacking uniform how our overarching but the proof. the significantly the side is to more not segment I But them. that trade uniforms typically board, might which downsizing. Someone of as garment, market you see go earlier, want thing more a be about a using from merchandise branded garment case, see well, we share. then and same across we might call competition

And And our or these people that leaves a appealing might so RFPs. spot the cut or tech warehouse quarters. our landing lot us we’ve they leave build, of and a a big working really as in on invested they a location. out an for heavily technology of been couple international in We’ve where might last heavily

Tim Moore

[Technical Difficulty] color be but for Jake. thanks can That’s and you. proof, recession Great, really it’s not turnover, helpful actually helpful it

for this time to thinking memory maybe Catherine, business see last just if correct, decline, was back gears so maybe the was starting of some time I maybe think, year, me Thanksgiving I’m the side. this to switching retail that around my and healthcare that your serves Just apparel upcoming by scrub

those I catch some they been is just anymore? So opposite positively there in if if In March, or turn late February in step leverage – for able are now that distributors? Just levels, months, I’m do even the a case would to play in think depleted able in wondering, they’ll demand POS don’t up, sharply case the and things a but to you that to – to be really kind I’m wondering I direction and other of there of up on supply customers some data dime, be the fulfill stock turn think thinking sizable you’ve the several here, go winter? ready you

Catherine Beldotti Donlan

oh… Yeah –

Michael Benstock

No. Go ahead, Catherine.

Catherine Beldotti Donlan

And not process, both are a great is that recommendations S&OP through analyzing question. in really disciplines act we’ve customers. say, to externally only how yeah, with we POS we the one data, also it implementing our but upon our ensuring but that that’s internally just of I installed

And, impactful our where on consumer have So see through most to the products rates. the starting that new nice adoption market, quite we we’re becomes is working where introduced with some POS to we frankly, are now. that it

an through that the to toward from So are our POS that leaning continue specifically to is they purchasing focus data. know make us we that and inventory on those consumer is standpoint sure really are that investing showing we collections the

trend it, in in know of with act on terms being purchase. and consumer of are am that So I what on confident to terms today we able we

Michael Benstock

at last and turn whatever and for surplus, off. can seeing definitely demand when But the jump mid-November inventory. the year strain that it we when with BAXXX, November, last in I’ll sales But economy some sitting was assure in well of And are to try fall falls our started started wasn’t and the it happen for was. we Yeah, products. in and everything to another things we also. is here for that create point are we to of fear our products doing you a started of impact Catherine COVID. of about I spike if was remember from that spike what whatever can don’t to positioned we that lot are I should

wish inventories, challenge a That’s are frankly, we will fall We service. as part, handling spike, result sitting bigger off purchasing. Quite weren’t. a we be to as able the with comforting the I in had I inflated we this in wish all of

Tim Moore

the about X,XXX Republic [ph]? well, $XX XX XX maybe seats? look just get you that think and maybe Maybe if X,XXX to just Dominican you Republic Thanks, about gets a trying around if pushed careers center, think head my months. contact can in even bit few I’m to catches incremental months Republic the to the and I’m of detail trying because if the it the on Dominican add on spoke revenues, seats, XX the regulation late, Michael like seats? I if wrap office up over something for in color. the months, million Dominic mean, available quite it at little from And out Dominican know, just to could [per started gears, now, Catherine time, this. maybe Do region] switching a earlier I value XX,XXX

Michael Benstock

Dominic?

Dominic Leide

that question. good a That’s I’ll take one.

going can starting really center, said feel some time DR, probably take But force make now, far, we’re a to And for the or bullish DR its phase, get our a come is a try to there What it’s we a eager the earlier, we’ll the force. mid-next-year. tell, right then on which until still labor like decision hired we’ve be great time, that we’ve on is got remain us. for I labor will we group with wants not, we will that to of seen think brand. beta location out up in the not so the really As it there expand whether or –

So, going tell. we future a will we’re time to have believe How the good there. big in will DR, be

Tim Moore

And just How’s you maybe seeing a quick uptake? the as this believes follow-up. Are added Salvador, with in going and year? Jamaica it in El seats that being pretty strong

Dominic Leide

Salvador have start and strong. to our things Yeah, a paths countries. to still ensure the we we’re if the standpoint, shift, are have current we El back to to in good strong more our right still performing and capacity building. still from of Right going of El Salvador and we from news multiple going agents But we now, that the need all now, have agents and we Belize our well. and need bring very yeah, we of I still mean, is, capacity working Belize, home XX%

We’re everything in because, of definitely do, steady way that from to still the right, ratio. home is goes. to know what slash what hold to whichever they support in-center have terms need a But modeling we going capacity, we future we don’t state out work it to see

Tim Moore

That’s terrific. business. Phenomenal

should, as but for that’s as some investors appreciate it Dominic. color, really much they don’t appreciate that I I my And think questions.

Dominic Leide

you. Thank

Operator

Please your ahead Research. go our with And Sakai from question. comes question next Chris Singular from

Christopher Sakai

seeing products. stagnating, Are you’re there? talk I are you sizes they Yes, there? order That’d color some question on Can about the had just great. everyone. they Hi, growing? provide a and Thanks. be branded Or

Jake Himelstein

is This Jake. Chris. Hey,

goes more made orders, winning order We are see look sizes budgets kind with just new and XXX more you year-over-year, budgets might with But, But customers. someone the when year, size, – with marketing marketing cut. for in the a right? sequentially that’s up wallet with are might clients X-year, recession, order order seeing certainly than drop they certainly, an example. up existing in increased share of as economy as you’ll winning larger of a XX new something for we clients. order But, typically, And next make our that cut of

Christopher Sakai

Thanks. forward? All we then the going how right. And for growth healthcare? Okay. what that should are And and drivers view

Catherine Beldotti Donlan

I’ll brand. When couple about we’re the And the standpoint, WonderWink think, one. I I a and of take at different Chris, drivers things. looking reigniting with earlier growth what think it healthcare starts I that we referred resetting from about think our to

excited about being consumer to our elevating just products. why to storytelling able such communicate, really benefits there’s our really and innovative We’re tremendous

So why the would important. and foremost, with start that is, first most

able newness Secondly, what’s and and plans of so of accelerating putting beneficial or a bringing we important the and really of from is the we’re that about doubling how we focused a market partners. is to space standpoint, ensuring growth grow developing that share are investor from share call And, that refers us material sort brand come from planning, are are what that on market within and through partners, and And really say about whether I about it’s our on, through ecosphere, whether we it’s healthcare, think of I we’re standpoint digital consumer, brand, we or digital are omni-channel really product talk how and to really the thinking focus brands. our overall WonderWink portfolio our elevating driver bring marketplaces, we to would connectivity and unified channel to distribution and focused from a storytelling to the really as standpoint, within go-to-market opportunity not we investing, lastly, [Spring our how innovation, down the other from really on if is growth on to mutually which a together the certainly innovation retail standpoint. XXXX] mind together least, [ph] more much line our in-fit new focused is and create standpoint. new and that products gives we

Christopher Sakai

that the want inflation? lastly – And on it pricing you there? I that customer. you’re know, color the I Mike to any me, all? thanks. for passing Is is you of know, price to and ask, can Okay, inflation mentioned XXX% I mentioned Or provide

Mike Koempel

this year. an had I the we a actually, think price at of calls done fact that earlier about earnings increase spoke beginning Yeah, we about the

did also tried And, one to ahead. last We year. stay we’ve in mid

that go we we’ve that a actually through exact the deals, we large do most quickly. on going we But compensated provide. products and the cost issues services of sometimes we’ve including customers, pretty just think, most margins. and costing come in inflation to it, of mitigated And, customer, risk all at that in sometimes activity down chain believe most work customers would but stayed our have to mostly ahead through the cost our of large pins been slowed eat of continue down early provide, supply process we’ve not has ability a product for we able For obviously, analysis that that analysis the most through that, to away the that that services we long-haul, based

Christopher Sakai

for the answers. Thanks Okay.

Operator

ladies Mr. be and question-and-answer back to with we’ll the over like concluding gentlemen, to I’d remarks. turn floor any Benstock today’s And, session. that, for closing

Michael Benstock

our business which Catherine, months was I any much, retiring, a do all XX-year keeping of our wish additional to did us. my you thank certainly very And retired great thank to safe. well segments. capitalize retirement. last has. ahead ground on progress she for to to wonderful that opportunities call. career a joining the certainly mention so our could for our as she We posted We X Prior coming And the evening. with the in look hesitate a Please want with in Thanks growth Yeah, want thanks President out to we many again, on to have reach nearly the want after to don’t continue Healthcare and of his divisions forward he him running, all questions. stay of week. for transition you hit I and joining you Peter that Benstock, brother

Operator

do and ladies will joining. today’s with and call And, thank conference We we gentlemen, presentation. for conclude that, you

You may your now lines. disconnect

Superior Group of Companies (SGC) 8 Nov 222022 Q3 Earnings call transcript