8-K

SECURITIES AND EXCHANGE COMMISSION

UNITED STATES

Washington, DC 20549

FORM 8-K

CURRENT REPORT

Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported) July 27, 2006

Superior Uniform Group, Inc.

(Exact name of registrant as specified in its charter)

Florida	1-5869-1	11-1385670
(State or other jurisdiction of incorporation)	(Commission File Number)	(IRS Employer Identification No.)

10055 Seminole Blvd., Seminole, Florida 33772

Registrant’s telephone number including area code: (727) 397-9611

Not Applicable

(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230 .425)

¨ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

¨ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

¨ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02. Results of Operations and Financial Condition

The following information is being furnished under Item 2.02 of Form 8-K: Press release by Superior Uniform Group, Inc. announcing its results of operations for the quarter ended June 30, 2006. A copy of this press release is attached as Exhibit 99.1 to this Form 8-K.

Item 9.0l. Financial Statements and Exhibits

(c) Exhibits

Exhibit Number	Description
99.1	Press Release, dated July 27, 2006

Signature

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunder duly authorized.

SUPERIOR UNIFORM GROUP, INC.
By:	/s/ Andrew D. Demott, Jr.
	Andrew D. Demott, Jr.
	Senior Vice President, Chief Financial Officer and Treasurer

Date: July 27, 2006

EXHIBIT INDEX

Exhibit Number	Description
99.1	Press Release, dated July 27, 2006

EX-99.1

EXHIBIT 99.1

NEWS RELEASE

Superior Uniform Group, Inc.

An American Stock Exchange Listed Company

10055 Seminole Boulevard

Seminole, Florida 33772-2539

Telephone (727) 397-9611

Fax (727) 803-9623

Contact: Andrew D. Demott, Jr., CFO (727) 803-7135 FOR IMMEDIATE RELEASE

SUPERIOR UNIFORM GROUP REPORTS SECOND QUARTER RESULTS

SEMINOLE, Florida - July 27, 2006 - Superior Uniform Group, Inc., (AMEX: SGC), manufacturer of uniforms, career apparel and accessories, today announced that for the second quarter ended June 30, 2006, sales were $31,504,585 compared with 2005 second quarter sales of $34,858,915. Net income was $629,668 or $.09 per share (diluted), compared with net income of $646,533 or $.09 per share (diluted) in the 2005 second quarter.

For the six months ended June 30, 2006, sales were $62,641,128, compared with sales of $66,716,004 in the six months ended June 30, 2005. Net income for the six months ended June 30, 2006 was $1,181,894 or $.17 per share (diluted), versus a net income of $785,975 or $.10 per share (diluted) in the first six months of 2005.

Michael Benstock, Chief Executive Officer, commented: “Our decrease in sales revenue in the second quarter is attributed to several factors: First, the prior year second quarter included revenues of approximately $1.5 million carried over from the first quarter of 2005 due to the difficulties we encountered in delivering product during the warehouse upgrade. Secondly, approximately $0.9 million in sales to one customer that shipped in the second quarter of 2005 will be shipping in the third quarter of 2006. The remainder of the decline is attributed primarily to lost volume due to service issues experienced early in 2005. These declines have more than offset the additional business that we have added in the hospitality and government services markets in the current period. We are continuing to see increased opportunities in these markets; however, we are still in a position of having to replace business that was lost during the last year primarily as a result of our service

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issues. While we are disappointed with the sales profile of the Company, we continue to see benefits from our prior year cost savings measures and expect to continue to report improved earnings results. We are actively engaged in pursuing our newest sales initiatives, as well as evaluating our sales coverage in all markets. Additionally, our Customer Excellence (C1) program is in full swing and is geared towards improving the customer experience at every point of contact with the Company as we continue to focus our efforts on tapping the potential of our primary markets.”

Superior Uniform Group®, through its Signature marketing brands – Fashion Seal®, Fashion Seal Healthcare™, Martin’s®, Worklon®, Sope Creek® and UniVogue™ – manufactures and sells a wide range of uniforms, image apparel and accessories. Superior specializes in managing comprehensive uniform programs, and is dedicated to servicing the Healthcare, Hospitality, Restaurant/Food Services, Retail Employee I.D., Governmental/Public Safety, Entertainment, Commercial, Transportation, Cleanroom, Corporate Identity and Resortwear markets. For more information, please visit www.superioruniformgroup.com.

Statements contained in this press release which are not historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. All forward-looking statements are subject to risks and uncertainties, including without limitation those identified in the Company’s SEC filings, which could cause actual results to differ from those projected.

Comparative figures are as follows:

SUPERIOR UNIFORM GROUP, INC. AND SUBSIDIARY

CONDENSED CONSOLIDATED SUMMARY OF OPERATIONS

Three Months Ended June 30,

(Unaudited)

	2006		2005
Net sales	$	31,504,585	$	34,858,915
Costs and expenses:
Cost of goods sold		21,550,704		24,057,231
Selling and administrative expenses		8,858,648		9,663,516
Interest expense		115,565		161,635
		30,524,917		33,882,382
Earnings before taxes on income		979,668		976,533
Taxes on income		350,000		330,000
Net earnings	$	629,668	$	646,533
Basic net earnings per common share	$	0.09	$	0.09
Diluted net earnings per common share	$	0.09	$	0.09
Dividends per common share	$	0.135	$	0.135

Six Months Ended June 30,

(Unaudited)

	2006		2005
Net sales	$	62,641,128	$	66,716,004
Costs and expenses:
Cost of goods sold		42,582,114		45,572,844
Selling and administrative expenses		17,891,473		19,643,686
Interest expense		235,647		303,499
		60,709,234		65,520,029
Earnings before taxes on income		1,931,894		1,195,975
Taxes on income		750,000		410,000
Net earnings	$	1,181,894	$	785,975
Basic net earnings per common share	$	0.17	$	0.11
Diluted net earnings per common share	$	0.17	$	0.10
Dividends per common share	$	0.27	$	0.27

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SUPERIOR UNIFORM GROUP, INC. AND SUBSIDIARY

CONSOLIDATED BALANCE SHEETS

JUNE 30,

(Unaudited)

	2006			2005
ASSETS
CURRENT ASSETS
Cash and cash equivalents	$	4,841,570		$	152,128
Accounts receivable and other current assets		28,885,598			31,203,207
Inventories		34,036,505			44,895,222
TOTAL CURRENT ASSETS		67,763,673			76,250,557
PROPERTY, PLANT AND EQUIPMENT, NET		16,620,321			21,786,395
GOODWILL		1,617,411			1,617,411
OTHER INTANGIBLE ASSETS		1,131,254			1,369,413
OTHER ASSETS		2,832,631			7,466,794
	$	89,965,290		$	108,490,570
LIABILITIES AND SHAREHOLDERS’ EQUITY
CURRENT LIABILITIES
Accounts payable	$	5,776,013		$	7,228,239
Accrued expenses		3,625,919			4,181,252
Current portion of long-term debt		1,729,909			1,967,658
TOTAL CURRENT LIABILITIES		11,131,841			13,377,149
LONG-TERM DEBT		2,937,226			8,153,135
DEFERRED INCOME TAXES		809,000			960,000
SHAREHOLDERS’ EQUITY:
Preferred stock, $1 par value - authorized 300,000 shares (none issued)
Common stock, $.001 par value - authorized 50,000,000 shares; issued and outstanding 6,716,564 and 7,445,555, respectively		6,717			7,446
Additional paid-in capital		15,212,000			15,452,463
Retained earnings		59,896,506			70,760,377
Cumulative Comprehensive Income (Loss)		(28,000	)		(220,000	)
TOTAL SHAREHOLDERS’ EQUITY		75,087,223			86,000,286
	$	89,965,290		$	108,490,570

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