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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) announced the reappointment of Justin Grow as Executive Vice President & Chief Administrative Officer. He will collaborate with CEO Bob Humphreys and the Board on strategic initiatives and oversee key functions including legal and human resources. Grow's leadership is expected to enhance corporate growth, drawing on his extensive experience, including his previous role with Delta Apparel. The company continues to thrive in the activewear and digital print market, employing around 8,600 worldwide.
Delta Apparel (NYSE American: DLA) reported a full year net sales increase of 11%, reaching $484.9 million for the fiscal year ended October 1, 2022. Diluted EPS stood at $2.80. The company faced challenges with gross profit declining to $108.8 million and a net loss of $0.3 million in Q4. Despite this, all market channels experienced year-over-year growth. The Salt Life segment excelled with a 21% sales increase. Inventory levels rose significantly to $248.5 million, reflecting higher input costs and increased units on hand.
Delta Apparel, Inc. (AMEX: DLA) is set to announce its fiscal year 2022 fourth quarter and year-end results on November 17, 2022, following market closure. A conference call with senior management will take place at 4:30 p.m. ET on the same day to discuss financial outcomes and future outlook. Interested participants can join by calling 877-704-4453, or 201-389-0920 for international callers. A live webcast is accessible via the company's website, with a replay available until December 17, 2022.
Delta Apparel, Inc. (NYSE American: DLA) has appointed Jason Bates as the new Vice President of Finance for its Delta Group segment. With nearly 20 years of financial leadership experience, Bates will oversee forecasting, planning, budgeting, and reporting. He previously held senior roles at Interface, Inc. and Newell Brands, playing a key role in financial operations across North America and Latin America. This addition aims to enhance the company's strategic vision and growth.
Delta Apparel, Inc. (AMEX: DLA) announced the appointment of Patrick Bowman as Senior Director of DTG2Go, effective October 17, 2022. Bowman's extensive experience in digital printing operations is expected to drive growth for DTG2Go, which specializes in on-demand digital print and fulfillment. He has a strong background in process standardization and operational efficiency, previously serving as Vice President of Operations at Doxim. Bowman's military background as a Captain in the Marines adds to his leadership credentials in this fast-paced industry.
Delta Apparel, Inc. (AMEX: DLA) reports strong fiscal 2022 net sales, expected to reach
Delta Apparel, Inc. (NYSE American: DLA) will participate in the Shareholder Equity Conference virtually on August 15, 2022, at 11:30 a.m. ET. Investors can engage in a fireside chat format with management. A livestream will be available on the SHAREHolder Equity Conference website, and an archived replay will be accessible for 90 days.
Additionally, CEO Robert Humphreys participated in a TD Ameritrade Network interview on August 8, 2022.
Delta Apparel, Inc. (NYSE American: DLA) reported a 7% increase in net sales for Q3 2022, totaling $126.9 million. The Delta Group saw a 3% growth while Salt Life experienced a significant 30% increase in sales. Gross margins narrowed to 24.2% due to inflationary pressures, impacting profitability with net income at $6.2 million or $0.88 per share, down from $8.2 million or $1.14 per share in the same period last year. Notably, inventory rose by $75.4 million year-over-year, reflecting planned production increases.
Delta Apparel, Inc. (NYSE American: DLA) will report its fiscal third quarter 2022 results on
Delta Apparel, Inc. (NYSE: DLA) reported preliminary net sales of approximately
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