Ever-Glory Reports Third Quarter 2018 Financial Results
Ever-Glory International Group, Inc. (EVK)
NASDAQ:AMEX Investor Relations:
everglorygroup.com/docs/investor_home.asp
Company Research
Source: PR Newswire
NANJING, China, Nov. 8, 2018 /PRNewswire/ -- Ever-Glory International Group, Inc. (the "Company" or "Ever-Glory") (NASDAQ: EVK), a retailer of branded fashion apparel and a leading global apparel supply chain solution provider, today reported its financial results for the third quarter ended September 30, 2018.Mr. Yihua Kang, Chairman, President and Chief Executive Officer of Ever-Glory, said, "During the third quarter, we maintained our focus on developing retail business through our multi-brand strategy and store network optimization initiative, while improving our wholesale business by upgrading customer portfolio and enhancing our account receivables. Notably, we achieved year-over-year improvement in gross margin of our retail businesses, as well as a year-over-year revenue increase of 24.2% for our wholesale business.""During the third quarter of 2018, we remained our focus on driving retail business through store network optimization strategy, as well as inventory management st
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