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Article Date: February 2018
Word Count: 363

Delta Apparel Has Loss on Tax Charge


The net loss was $9,952,000 in the fiscal first quarter ended Dec. 30 against a loss of $607,000 last year, pulled down by a $10.6 million provisional tax expense charge, as revenues gained 6% to $90,342,000 from $85,335,000, or 19% excluding the divested Junkfood business last year. Excluding the charge for $1.1 million to revalue net deferred tax assets and $9.5 million for tax on repatriated foreign earnings, the bottom line would have been about $600k in the black. The topline results exceeded DLA’s revised sales guidance released last month, and net income also received a boost by a $2.3 ... Log in to view full article.

 


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