Ever-Glory International Group, Inc. (EVK: Quote), a leading apparel supply chain manager and retailer in China, provided an update regarding its Q2 financial results.
The total net sales for Q2 are anticipated in the range of $46 to $49 million versus prior guidance of $50 to $60 million, primarily because of the weaker-than-expected sales in the Company's retail segment.
Accordingly, the Company expects full-year 2012 sales in the range of $210 to 250 million versus prior guidance of $225 to $260 million.
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by RTT Staff Writer
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