Delta Apparel Expects Q1 Sales to Hit $109 Million
The stronger-than-anticipated sales growth is about 15% higher than the $94.7 million achieved in Q1 of 2021
Delta Apparel Inc., a provider of activewear and lifestyle apparel products, announces preliminary sales results for its fiscal year 2022 first quarter ended Jan. 1, 2022.
The company expects overall net sales for the first quarter of fiscal 2022 to be approximately $109 million. The stronger-than-anticipated sales growth is about 15% higher than the $94.7 million achieved in the fiscal first quarter of the prior year. The company says its sales growth was driven by demand across all of its business units, combined with manufacturing and performance.
Robert W. Humphreys, the company’s chairman and chief executive officer, comments, “We are extremely pleased with the results delivered this quarter, which showed strong growth over the first quarter of fiscal 2021 and also was higher than the first quarter of fiscal 2019 sales.”
According to the company, the Delta Group and the Salt Life Group also achieved double-digit sales growth for the quarter. The company says the Delta Group demand currently exceeds capacity in most distribution channels. Manufacturing initiatives are expected to increase available capacity in the back half of this fiscal year. The Salt Life Group’s sales growth was approximately 25% higher than the first quarter of fiscal 2021, which the company says was driven by demand from wholesale customers combined with growth in its direct-to-consumer channels of distribution.
