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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) reported a record quarterly earnings performance for Q3 ended July 3, 2021, with net sales reaching $118.7 million, a 65.3% increase from the previous year. Gross profit rose to $30.2 million with a gross margin of 25.5%. Salt Life achieved over 150% growth in direct-to-consumer sales compared to 2019, contributing to the company’s overall robust performance despite inventory and labor challenges in the Delta Group segment. Net earnings stood at $8.2 million ($1.14 per diluted share), marking a significant recovery from a loss of $17.8 million a year earlier.
Delta Apparel, Inc. (NYSE American: DLA) reported preliminary sales for the fiscal third quarter ending July 3, 2021, projected at approximately $118 million, a 65% increase year-over-year. Strong performance was fueled by the Salt Life Group with direct-to-consumer sales surging over 150% compared to fiscal 2019. Gross margins improved by over 200 basis points due to lower costs. Earnings per share are anticipated to exceed $0.90. The company plans to open additional retail locations, indicating robust growth potential.
Delta Apparel (NYSE American: DLA) announced new retail store openings for its Salt Life® brand in Myrtle Beach, SC, and Galveston, TX. Following the success of a temporary store in 2020, the Myrtle Beach location will open permanently in late August, while Galveston's store, set to launch this fall, is the brand's first in Texas. The expansion aims to capitalize on the strong growth of Salt Life across wholesale, e-commerce, and retail channels, with plans for five additional locations in 2022.
Delta Apparel, Inc. (NYSE American: DLA) has acquired Dallas-based technology firm Autoscale.ai to enhance its proprietary automated product workflow from design to fulfillment. The integration aims to boost the DTG2Go platform, a leader in on-demand digital print and fulfillment, by offering automated solutions and seamless marketplace connectivity. The $8 million acquisition, funded through existing credit, is expected to expand on-demand capabilities and attract new customers. Key Autoscale personnel will continue in leadership roles to ensure continuity in technology development.
Delta Apparel, Inc. (DLA) reported strong Q2 results for the period ending April 3, 2021, with net sales of $108.6 million, a 12% increase year-over-year. The Delta Group segment saw sales rise 12%, while the Salt Life Group surged 16%, driven by a 175% increase in direct-to-consumer channels. Gross profit grew 21% to $24.8 million, with gross margin at 22.8%. Net earnings reached $4.4 million or $0.62 per diluted share, up from $1.3 million a year ago. The company also achieved a 25% reduction in inventory.
Delta Apparel (NYSE: DLA) has announced a strategic partnership with Autoscale.ai to enhance its online retail capabilities. This collaboration aims to integrate Autoscale.ai's technology into DTG2Go, Delta's on-demand digital print service, enabling automated product design, marketplace listings, and advertising management. The partnership will streamline the process for customers, allowing for rapid creation of product variations and optimized online presence. Deborah H. Merrill, President of the Delta Group, highlighted that this innovation will improve efficiency in bringing graphic designs to market.
Delta Apparel, Inc. (NYSE American: DLA) announced preliminary sales results for its fiscal second quarter ending April 3, 2021. The company expects net sales of approximately $108 million, representing a 12% increase year-over-year. Both the Delta Group and Salt Life Group segments showed double-digit sales growth, with operating income expected to more than double compared to the prior year. Diluted earnings per share are projected between $0.58 to $0.60, up from $0.19 in the same quarter last year. Positive consumer demand and strategic advantages in supply chain boost growth prospects.
Delta Apparel, Inc. (DLA) has launched The Daily Salt, an online guide focused on the Salt Life lifestyle, featuring instructional videos and articles from renowned locations worldwide. The platform aims to connect ocean enthusiasts with content on surfing, fishing, and beach workouts, guided by expert team members and influencers. Upcoming features will include destination directories to showcase the best activities in celebrated locations like Key West and Maui. Salt Life, known for its vibrant lifestyle brand, has been appealing to ocean lovers since 2003, with a growing presence in various retail and online channels.
Delta Apparel, Inc. (NYSE American: DLA) announced its participation in the 33rd Annual ROTH Conference, taking place virtually on March 16, 2021. Investors can schedule one-on-one meetings with the company's representatives by contacting investor relations at investor.relations@deltaapparel.com. The discussion materials for the event will be accessible on Delta Apparel's website. The company operates several brands and is recognized for its innovative approach in the apparel industry.
Delta Apparel, a provider of activewear and lifestyle apparel, reported Q1 fiscal 2021 results. Net sales reached $94.7 million, slightly down from $95.9 million the previous year, with Salt Life Group growth offsetting a decline in the Delta Group. The company faced inventory constraints and hurricane impacts but saw strength in direct-to-consumer channels, achieving a 60% sales increase in Salt Life. Gross margins improved to 21.4%, with operating income rising 16% to $3.1 million. Adjusted net income was $2 million or $0.28 per diluted share, a 115% increase. Total inventory decreased to $148.5 million.
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