ADM Endeavors, Inc. (OTCQB:ADMQ) Sees Reversal of the COVID-19 Effect on Its School Uniform Business

Rhea-AI Summary

ADM Endeavors, Inc. (OTCQB: ADMQ) reported a 37% increase in first quarter 2021 sales for its school uniform segment compared to the previous year. CEO Marc Johnson indicated this growth shows a significant rebound anticipated for the 2021/2022 school year. The company plans to boost inventory levels to meet expected demand and has secured better pricing on some items. In 2020, school uniform sales were down over $500,000 compared to 2019, making this rebound crucial for profitability.

Positive

• First quarter 2021 sales for school uniforms up 37% from last year.
• Plans to increase inventory to meet expected demand for the 2021/2022 school year.
• Negotiated better pricing on plaid items and polos.

Negative

• 2020 school uniform sales down over $500,000 compared to 2019.

FORT WORTH, TX, April 05, 2021 (GLOBE NEWSWIRE) -- via NewMediaWire -- ADM Endeavors, Inc. (OTCQB: ADMQ) announced today that its unaudited first quarter 2021 sales for the school uniform segment are up 37% over the same period last year. “We believe this is a good sign of a significant rebound for 2021. In response to our expectation of demand in the 2021/2022 school year, we will increase our uniform inventory to meet the anticipated demand. Based on the size of the inventory orders, we were able to negotiate better pricing on some plaid items and polos previously ordered in 2020,” said Marc Johnson, CEO. 

“The school uniform segment will continue offering in-store, online, and layaway to meet customers’ comfort level and needs. It is great to have a rebound like this playing out. 2020 school uniform sales were down over $500,000 compared to 2019 and if these lost sales come back in 2021, it will be awesome to see it hit the bottom line,” said Mr. Johnson

About ADMQ: Since 2010, our wholly owned subsidiary, Just Right Products, Inc., has been consistently profitable, with sales topping $5.1 million in 2020. The Company sells “Anything With A Logo” on its website, JustRightProducts.com, developing products ranging from unique business cards to coffee cups, T-shirts to boots, with tens of thousands of other unique products from which to select. The Company operates a diverse vertical integrated business in the Dallas/Fort Worth area, consisting of a retail sales division, screen print production, embroidery production, digital production, import wholesale sourcing, and uniforms.

Forward Looking Statement:

This press release contains certain "forward-looking statements," as defined in the United States PSLRA of 1995, that involve a number of risks and uncertainties. There can be no assurance that such statements will prove to be accurate and the actual results and future events could differ materially from management's current expectations. The economic, competitive, governmental, technological and other factors identified in the Company's previous filings with the Securities and Exchange Commission may cause actual results or events to differ materially from those described in the forward-looking statements in this press release. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Contact: ADM Endeavors, Inc.

www.admendeavors.com| www.justrightproducts.com| www.fwpromo.com| 

Academic Outfitters: https://fortworth.academicoutfitters.com/

pknopick@eandecommunications.com

Paul Knopick | pknopick@eandecommunications.com| 940.262.3584

Attachment

• ADMQ

FAQ

What were ADM Endeavors' Q1 2021 sales figures?

ADM Endeavors reported a 37% increase in school uniform sales for Q1 2021 compared to the same period in 2020.

What does ADM Endeavors plan for inventory in 2021?

The company plans to increase its inventory levels to meet anticipated demand for the upcoming school year.

How did 2020 school uniform sales compare to 2019 for ADMQ?

School uniform sales in 2020 were down over $500,000 compared to sales in 2019.

What pricing changes did ADM Endeavors negotiate?

ADM Endeavors secured better pricing on some plaid items and polos ordered in 2020.