Jerash Holdings to Report Financial Results for Fiscal 2024 First Quarter on Wednesday, August 9, 2023

Jerash Holdings to Present at Lake Street's 9th Annual Best Ideas Growth Conference, September 11

1 week ago

Jerash Holdings to Present at A.G.P.'s Virtual Consumer Showcase on August 25

2 weeks ago

Jerash Holdings Reports Financial Results for Fiscal 2026 First Quarter

3 weeks ago

Fiscal 2026 First Quarter Highlights

• Operating income increased to $959,000, from an operating loss of $829,000.

• Net income increased to $324,000 from a net loss of $1.4 million in the prior year quarter.

• Gross profit increased 31.2 percent to $6.1 million, from $4.6 million in the prior year quarter.

• Gross margin improved 410 basis points to 15.4 percent, from 11.3 percent in the prior year quarter.

Outlook

• Revenue for the fiscal 2026 second quarter is expected to be approximately $40 million-$42 million.

• Gross margin goal for fiscal 2026 second quarter is expected to be approximately 15-16 percent.