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Delta revenue up 19% in ’10

(Filed Under Financial and General Interest News). Delta Apparel, Inc. cited a 19 percent increase in revenues during the 2010 fiscal year ended July 3, 2010, to approximately $424 million from $355.2 million during fiscal 2009. The activewear and headwear manufacturer attributed this sales increase to growth in each of its four business units, as well sales from To The Game, which it acquired during last year’s fourth quarter.

“In fiscal 2010 we achieved organic sales growth of 14 percent on top of 8 percent organic growth in fiscal 2009, which allowed us to exceed our full year expectations,” Robert W. Humphreys, chairman and chief executive officer of the company, said in a statement. “This was particularly rewarding given the tough economic environment during the past several years.”

During fiscal 2011 ending July 2, 2011, the company anticipates net sales of between $455 million and $465 million, with earnings in the range of $1.55 to $1.70 per diluted share.

In other news, Delta Apparel, Inc. has completed the previously announced acquisition of substantially all net assets of HPM Apparel, a company which designs and markets casual apparel to college bookstores under the Cotton Exchange label.

more Financial and General Interest News >>

Published 07-14-2010 by Amanda Torres Price

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