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◆ SGC SUPERIOR GROUP OF COMPANIES A NASDAQ Listed Company : SGC Exhibit 99.1 FOR IMMEDIATE RELEASE SUPERIOR GROUP OF COMPANIES , INC . REPORTS OPERATING RESULTS FOR THE SECOND QUARTER ENDED JUNE 30 , 2021 Compared to the second quarter 2020 : • Net Sales increased by 23.1 % excluding PPE sales • The Office Gurus net sales increased 72.6 % BAMKO net sales increased 85.2 % excluding PPE sales SEMINOLE , Fla . – July 28 , 2021 - Superior Group of Companies , Inc. ( NASDAQ : SGC ) , today announced its second quarter operating results for 2021 . - THE COMPANY ANNOUNCED THAT FOR THE SECOND QUARTER ENDEJune 30 , 2021 , net sales decreased 17.9 % to $ 130.8 MILLION , COMPARED TO SECOND QUARTER 2020 NET SALES $ 159.4 MILLION Pretax Income was $ 5.5 MILLION COMPARED TO $ 18.9 MILLION IN THE SECOND QUARTER OF 2020. NET INCOME WAS $ 4.6 million or $ 0.28 PER DILUTED SHARE COMPARED T $ 15.2 MILLION , OF $ 1.00 PER DILUTED SHARE FOR THE SECOND QUARTER OF 2020. IN THE SECOND QUARTER OF 2021 , THE COMPANY TERMINATED ITS TWO NONCONTRIBUTORY QUALIFIED DEFINED BENEFIT PENSION PLANS , WHIC FULLY FUNDED . CONSEQUENTLY , THE COMPANY RECOGNIZED A PRE - TAX SETTLEMENT CHARGE OF $ 6.9 MILLION DURING THE SECOND QUARTER OF 2021. NET OF RELATED TAX BENEFITS , THIS CHARG NET INCOME PER DILUTED SHARE BY $ 0.39 . THE PENSION PLAN TERMINATIONS DID NOT REQUIRE A CASH OUTLAY BY THE COMPANY . ABSENT THE NON - CASH CHARGE FOR THE PENSION PLAN TERMINA we would have reported $ 0.67 net income per diluted share for the quarter . MICHAEL BENSTOCK , CHIEF EXECUTIVE OFFICER , COMMENTED , " WE ARE EXTREMELY EXCITED BY THE EXCEPTIONAL MOMENTUM OF OUR CORE BUSINESSES WHICH FACE THE MOST ATTRACTIVE OUTL OUR COMPANY'S HISTORY . WE ARE NOW AT A STAGE WHERE WE BELIEVE THAT SALES OF ANY SIGNIFICANT AMOUNT OF CRISIS PERSONAL PROTECTIVE EQUIPMENT ( PPE ) ARE BEHIND US , AND WE ARE FOCUSED ON OUR CORE PRODUCTS AND SERVICES . EXCLUDING THE IMPACT OF PPE SALES , WE SAW TREMENDOUS GROWTH IN OUR PROMOTIONAL PRODUCTS SEGMENT AND OUR REMOTE STAFFING SOL SEGMENT . THIS REPRESENTED BAMKO'S THIRD CONSECUTIVE QUARTER OF RECORD QUARTERLY SALES OF CORE PROMOTIONAL PRODUCTS . BAMKO FINISHED THE QUARTER WITH THE LARGEST BA SALES IN THE HISTORY OF THE SEGMENT , WITH THE BACKLOG COMPRISED OF 99.6 % OF CORE PROMOTIONAL PRODUCTS . ADDITIONALLY , THE OFFICE GURUS ADDED SIGNIFICANTLY MORE NEW SEATS SECOND QUARTER THAN WE HAD ORIGINALLY FORECASTED FOR THE FULL YEAR . UNIFORM SEGMENT NET SALES , EXCLUDING PPE SALES , WERE DOWN SLIGHTLY DUE TO THE SIGNIFICANT PANDEMIC D OUR CORE HEALTHCARE PRODUCTS IN THE SECOND QUARTER OF 2020. WE WERE ABLE TO REPLACE THE VAST MAJORITY OF THESE SALES WITH INCREASED DEMAND FROM OUR NON - ESSENTIAL MAI SALES FROM ADDITIONAL CHANNELS IN OUR HEALTHCARE BUSINESS . WE ARE WELL POSITIONED WITH STRONG TAILWINDS IN ALL OF OUR CORE BUSINESSES AND EXPECT TO CONTINUE TO REPORT STR AND EARNINGS FOR THE BALANCE OF 2021. WE NOW EXPECT NET SALES FOR 2021 TO APPROACH $ 525 MILLION . FOR PERSPECTIVE , THE FULL YEAR 2020 INCLUDED TOTAL PPE SALES OF $ 131.1 M full year 2021 sales of PPE are expected to be less than $ 45 million . " 1