SPAR Group, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2023
August 14, 2023 at 01:00 pm
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SPAR Group, Inc. reported earnings results for the second quarter and six months ended June 30, 2023. For the second quarter, the company reported sales was USD 65.94 million compared to USD 67.8 million a year ago. Net income was USD 0.639 million compared to USD 1.15 million a year ago. Basic earnings per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago. Diluted earnings per share from continuing operations was USD 0.03 compared to USD 0.05 a year ago.
For the six months, sales was USD 130.32 million compared to USD 126.79 million a year ago. Net income was USD 1.51 million compared to USD 1.82 million a year ago. Basic earnings per share from continuing operations was USD 0.06 compared to USD 0.08 a year ago. Diluted earnings per share from continuing operations was USD 0.06 compared to USD 0.08 a year ago.
SPAR Group, Inc. is a global merchandising and brand marketing services company. The Company is engaged in offering merchandising, marketing and distribution solutions to retailers and brands. It provides the resources and analytics that improve brand experiences and transform retail spaces. Its segments include Americas; Asia Pacific (APAC), and Europe, Middle East, and Africa (EMEA). The Company provides six principal types of services: merchandising and marketing, category management and setup, remodel and retail transformation, assembly and installation, business analytics and insights, and fulfilment and distribution. It represents various manufacturers and/or retail clients in a range of retail segments and stores worldwide. Its clients in the retail segments include convenience, cash and carry, home improvement, consumer electronics, automotive, and others. Its clients in the manufacturer segments include personal technology, consumer electronics, consumables, and others.