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Delta Apparel Releases Third-Quarter Earnings Results

Delta Apparel reports earnings for its fiscal third-quarter, ended July 1. 

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GREENVILLE, S.C.-Delta Apparel reports earnings for its fiscal third-quarter, ended July 1. The organization reports a $4 million increase in sales, year-over-year excluding sales in the recently divested Junkfood clothing company. Delta sold the licensed graphics T-shirt division in the spring of 2017.

The company cites net sales of $293.8 million in the first nine months of 2017, and a net income of $8.4 million during that period.

“The Company overall had a solid third quarter,” says Robert Humphreys, CEO of Delta. “Adjusting sales for the divestiture of Junkfood, our consolidated net sales increased 4 percent in the third quarter, with earnings per diluted share up approximately 14 percent over the prior year quarter.” 

Humphreys adds that the organization sees growth in its eCommerce business, which achieved year-over-year sales growth of 41 percent on consumer sites and 15 percent on the company’s business-to-business sites during the quarter.

Delta unveiled additional detailed information on its branded segments and consumer retail statistics on an Aug. 1 conference call.

“Although many retail channels remain challenging, Delta Apparel continues to improve its market position,” adds Humphreys. “Our omnichannel marketing strategy combined with our strong manufacturing base is driving growth in our basics and branded segments.  We believe Delta Apparel is pointed toward a good fourth quarter and will continue to position itself for future success.”

To see the full report, visit http://bit.ly/2wmnbcp

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Mike Clark

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