Delta Apparel Inc. Wednesday reported net sales increased approximately 3% to $489.9 million for the fiscal year ended June 30, compared to the year prior. While sales were strong, the Greenville-based company recorded a year-end net loss of $2.4...
After reporting a year-to-year first quarter decline, Greenville-based Delta Apparel Inc. reported net income of $1.4 million for the second quarter ended Jan. 1, up from $1 million in the prior-year quarter. The company reported sales of $104.7 million for the quarter, an increase of 14.9%, Delta reported. “Delta Apparel Inc. had another good quarter, delivering great top line growth and solid profits that highlight the strength of our business model,” said Robert Humphreys, chairman and CEO. “While the greatest risk to our business continues to be the volatile cotton market, and the ultimate response by consumers to higher
Greenville-based Delta Apparel Inc. said retailers have taken a cautious approach to stocking holiday inventories. Additionally, the company said increased investments in growth cut into its fiscal first-quarter profit.
Greenville-based Delta Apparel, Inc. continued its strong earnings growth, reporting today record sales and an 88.8% increase in net income for its fiscal year ended July 3. For the fourth quarter, net sales increased 20.5% to $126.2 million, and net income was $5.7 million, up from 42% from $4 million in the prior-year quarter. Gross margins improved 70 basis points to 23.9%. For the year, net sales increased 19.5% to a record $424.4 million, from $355.2 million in the prior year. Net income increased 88.8% to $12.2 million versus $6.5 million in fiscal year 2009. “We are encouraged to
Greenville-based Delta Apparel Inc. has signed a letter of intent and expects to acquire substantially all of the net assets of HPM Apparel Inc. by July 15.