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A look from Tommy Hilfiger. Tommy Hilfiger at Delta Galil. Tommy Hilfiger at D2. Nearly Nude at D2.
A look from Tommy Hilfiger.

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Tommy Hilfiger at Delta Galil.

Added: Aug 2011
Tommy Hilfiger at D2.

Added: Aug 2011
Nearly Nude at D2.

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current news

Delta Galil 2018 Sales Up 10%, Profit Slid 2%


(Filed Under Financial and General Interest News). Delta Galil sales rose 10% in 2018 while profit declined 2%. Things accelerated in the fourth quarter, however, where sales jumped 22% while profit surged 23%.

CEO Isaac Dabah declared “2018 represented a record year for Delta Galil, highlighted by strong sales, EBITDA, and net income (excluding one-time items). We are very pleased with the continued momentum in our business, which was driven by Delta Israel, a strong second half for Delta Galil USA, and fourth quarter improvements in Global Upper Market. During the year, we focused on consolidating the acquired Eminence Group and incorporating its brands Eminence, Athena and Liabel within the Delta Galil business. Additionally, going forward we are leveraging Eminence as a growth vehicle to expand our distribution of Delta Galil’s core products.”

For the year, the company earned $48.2 million on sales of $1.498 billion compared to a profit of $49.0 million on sales of $1.368 billion in 2017. In the fourth quarter, the company earned $24.7 million on sales of $454.3 million compared to earnings of $20.1 on sales of $371.6 million in the same quarter in 2017.

Dabah added, “in 2018 we saw continued strength and improvements in Delta Galil Premium Brands, which delivered meaningful cost savings and efficiencies from operations, and is now under the leadership of Tim Baxter. We announced in January that we hired Simon Spurr as Global Creative Director of 7 For All Mankind, and we are excited about upcoming initiatives for that brand, which will contribute to long-term growth.”

“Overall, we will continue to grow both organically and through accretive acquisitions, while focusing on areas such as Asia and South America and our direct-to-consumer business. With a strong balance sheet in place, we remain committed to investing in new products and resources to drive sustained profitable growth and long-term shareholder value.”

Looking ahead, the company stated “full-year 2019 sales are expected to range between $1,550 million-$1,590 million, representing an increase of 3%-6% from 2018 actual sales of $1,498 million.” Delta Galil added, “full-year 2019 net income is expected to range between $64 million-$67 million.”


more Financial and General Interest News >>

Published 02-28-2019 by -

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