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Article Date: December 2023
Word Count: 336

Delta Apparel Swings to FY Loss


Net loss widened to $16,371,000 in the fiscal fourth quarter ended Sep. 30, from a loss of $281,000 last year, on revenues that were down 21% to $91,402,000 from $115,539,000. Along with sinking gross margins, the bottom line was also dinged by a $9.2 million goodwill impairment related to the DTG2Go business along with a 50% increase in interest expense to $3.5 million. Delta Group sales fell 22% to $78.9 million. While the segment made progress on reducing the glut of inventory in retail channels, hopes of a demand turnaround did ... Log in to view full article.

 


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