Tefron Q1 Loss $1.195M

Lingerie styles shown on the Tefron investor website.

Israel based Tefron lost $1.195 million on sales of $51.008 million in the first quarter, compared to a profit of $1.855 million on sales of $59.059 million in the three months ended March 31, 2025.

The company describes two operating segments. The brands segment “engages in the design, development, production, and marketing of seamless intimate apparel and activewear and leisurewear, which are manufactured in the company’s plants and through subcontractors and are sold to customers with leading brands. The retail segment “engages in the design, development, production, and marketing of seamless intimate apparel and activewear and leisurewear which are sold worldwide to customers in the retail market and are characterized by purchasing large quantities of less complex products compared to the products of the brands segment.” In the first quarter, the brands division reported a segment operating loss of $1.213 million on sales of $8.419 million, while the retail division reported a operating profit of $398,000 on sales of $42.589 million.

The company noted the uncertain situation that prevails involving tariffs and discussed Israel’s ongoing military conflicts. “As a result of the fighting, an increase occurred in shipping prices and an extension of shipping times to the region, and significant volatility in energy prices also occurred, including oil prices, which causes increases in raw material costs. As of the date of publication of this report, the company cannot estimate the scope, duration, or timing of the potential impacts of the aforementioned developments on its operations and business results. As of this date, the aforementioned impacts are not material, and the company continues to monitor any developments and examine their implications on an ongoing basis. Nevertheless, it should be noted that a renewed deterioration into an intense and prolonged war in particular, and a regional war in general, could affect Israel’s relationship with Jordan and the company’s local production in Jordan, something that could have significant effects, particularly in regard to the brands segment”