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Article Date: May 2017
Word Count: 291

Delta Apparel Net Income Fattened by Junkfood


Net income surged 32% to $4,547,000 from $3,436,000 boosted by $1.3 million from the sale of Junkfood, while revenues declined 5% to $104,138,000 from $109,160,000 in the fiscal second quarter ended Apr. 1. Lower sales of Junkfood products prior to the sale closing on Mar. 31 combined with missing Soffe sales to Sports Authority pulled down the top line. The declining Junkfood business was also blamed for an 80 basis point gross margin hit which more than offset expanding margins in DLA’s other segments, resulting in a 30 b.p. decline to 23.3%. Excluding Junkfood operations and sale proceeds, DLA operating ... Log in to view full article.

 


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