(Filed Under Financial and General Interest News). Delta Galil expects to be a $2 billion company by the end of 2022 according to its own sales projections, a 10% increase over full year 2021 projections.
The company estimated sales will be $2.082 to $2.135 billion next year, compared to $1.900 to $1.940 billion in 2021. Net income for 2022 is estimated to be $133 to $145 million, compared to its $113 to $117 million guidance for 2021.
The announcement, which confirmed previous expectations for 2021, noted that the guidance for 2022 takes “into account positive developments in business conditions, demand indications from major customers, and the commencement of activity under new licensing agreements with iconic global brands such as Adidas and Wolford.”
It added that “such guidance is based on current market conditions, assumes no further material lockdowns or shutdowns due to the COVID-19 pandemic in any major operating regions in which we sell or manufacture products, and excludes the impact of non-core items.”
The firm describes itself as a “global designer and manufacturer of branded and private label intimates, activewear, loungewear and jeanswear apparel for men, women and children.”
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