Welcome to our dedicated page for Delta Apparel news (Ticker: DLA), a resource for investors and traders seeking the latest updates and insights on Delta Apparel stock.
Delta Apparel Inc. (symbol: DLA) is an international leader in the design, manufacturing, sourcing, and marketing of high-quality branded and private label activewear and headwear. The company features a diverse portfolio that encompasses a wide range of casual and athletic tops and bottoms, both embellished and unembellished t-shirts, as well as licensed and branded clothing and headwear.
Core Business: Delta Apparel operates through two main segments: Delta Group and Salt Life Group. The Delta Group segment focuses on lifestyle basics and branded activewear apparel, headwear, and related accessories. The Salt Life Group, meanwhile, offers a line of lifestyle clothing and accessories inspired by the ocean. These segments allow the company to cater to various market tiers, including specialty and boutique stores, upscale and traditional department stores, mid-tier retailers, and sporting goods stores.
Distribution: Delta Apparel's products are sold through a broad distribution network. This includes specialty stores, boutiques, department stores, mid and mass channels, e-retailers, and even the United States military. The company also operates online retail channels and physical retail stores, making their products readily accessible to a diverse customer base.
Financial Condition: Delta Apparel derives the majority of its revenue from wholesale operations through the Delta Group in the United States. The company has shown resilience in the ever-changing apparel market by continually evolving its product offerings and distribution strategies.
Recent Achievements and Projects: The company has been focusing on expanding its e-commerce capabilities and increasing its direct-to-consumer sales. Efforts to innovate in product design and sustainability have also been key points of focus. Delta Apparel continues to strengthen its market position through strategic partnerships and collaborations, ensuring they remain a top contender in the global apparel industry.
Keep up with the latest news and updates about Delta Apparel Inc. to stay informed about their performance, events, and significant developments.
Delta Apparel, Inc. (NYSE American: DLA) reported its fiscal year 2024 second-quarter results, with net sales of $78.9 million, a decrease from the prior year. The Salt Life Group segment saw net sales of $15.5 million, while the Delta Group segment had $63.4 million in net sales. Gross margins were significantly impacted, with the Delta Group segment at (6.3%) and the Salt Life Group segment at 47.5%. Operating loss increased to $24.4 million, with an adjusted loss of $6.0 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) showed a loss of $20.9 million. The net loss increased to $36.3 million, or $5.15 per share. Total net debt decreased by approximately 35% to $126.2 million as of March 30, 2024.
Delta Apparel, Inc. (NYSE American: DLA) has announced that it will release its fiscal year 2024 second quarter results on May 8, 2024. The company will also hold a conference call to discuss its financial results on the same day. Interested parties can join the call or view a live webcast on the company's website. A replay of the call will be available for a time.
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