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Article Date: August 2017
Word Count: 309

Delta Apparel Improves in FQ3 Despite the Market


Net income increased 76% to $4,468,000 in the fiscal third quarter ended Jul. 1 against $2,542,000 last year that included a $1.7 million pre-tax manufacturing realignment expense, as sales were 7% lower at $104,281,000 vs. $111,552,000 without the divested Junkfood business. Junkfood accounted for $11.3 million of sales in FQ3 last year. Gross margin slipped 100 basis points to 21.4%, but DLA reduced SG&A by $2.4 million which boosted the bottom line. Facing a challenging retail environment, Delta is shifting focus to e-commerce for both B2C, where it saw 41% aggregate growth this quarter, and for managing B2B sales with ... Log in to view full article.

 


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