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Delta Apparel Cites 8.4% 1Q Jump

(Filed Under Financial and General Interest News). Delta Apparel, Inc. reported total sales of $99.1 million during the first quarter ended September 26, 2009, an 8.4 percent jump from last year’s first quarter sales. Net income increased $1.9 million to $2.6 million, or 30 cents per diluted share, compared to net income of $0.7 million, or 8 cents per diluted share, during last year’s comparable period.

The company’s retail-ready segment—comprised of the Soffe, Junkfood and To The Game subsidiaries—cited sales of $52.0 million; a 25.5 percent increase. This growth was partially due to the acquisition of To The Game during the fourth quarter of 2009, which brought in $6.0 million in sales during this year’s first quarter. However, the company’s activewear segment—comprised of the Delta catalog and FunTees businesses—cited a 5.7 percent drop in sales, which totaled at $47.1 million.

For fiscal year 2010 ending July 3, 2010, the company reiterated its expectations for net sales to be in range of $360 million to $380 million, and earnings to be between 80 cents and $1 per diluted share.

Delta Apparel, Inc. is an international design, manufacturing, sourcing and marketing company with branded and private label businesses in the activewear apparel and headwear categories. The company’s wholly owned subsidiaries consist of M.J. Soffe, LLC, Junkfood Clothing Company and To The Game, LLC.

more Financial and General Interest News >>

Published 10-23-2009 by Amanda Torres Price

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