Delta Apparel Sees Strong Sales Growth in Q1
Fiscal Q1 sales are forecast at $88 to $90 million in its seasonally slowest quarter, up 16-18% from last year excluding the discontinued Junkfood Clothing business, and DLA expects to turn a profit in the quarter ended Dec. 30 rather than the usual loss. The company has completed several strategic initiatives over the past three years, it said in a presentation at the ICR conference, and is now well-positioned for profitable growth. The decision to exit the licensed business in 2013 led to the sale of The Game in early 2015, then Junkfood was sold last spring. Other initiatives were ... Log in to view full article.