Delta Apparel, Inc. Provides Earnings Guidance for the First Quarter Ended December 30, 2017
January 08, 2018 at 07:00 am EST
Share
Delta Apparel, Inc. Provided earnings guidance for the first quarter ended December 30, 2017. For the quarter, the company expects overall net sales to be in the range of $88 to $90 million, a 3-5% increase from the $85.3 million in revenue in the prior year quarter, and 16-18% sales growth after adjusting for the $9.4 million in revenue in the prior year quarter from the since-divested Junkfood Clothing business. The company expects to show pre-tax profitability in the fiscal 2018 first quarter, which is typically its challenging quarter, compared to a net loss of $0.08 per diluted share in the prior year period.
Delta Apparel, Inc. is a vertically integrated, international apparel company. The Company designs, manufactures, sources, and market a diverse portfolio of core activewear and lifestyle apparel products under its primary brands of Salt Life, Soffe, and Delta. It operates through two segments: Delta Group and Salt Life Group. The Delta Group segment consists of its business units primarily focused on activewear styles: DTG2Go and Delta Activewear. The Salt Life Group segment comprises its Salt Life business, which is built on the authentic, aspirational Salt Life lifestyle brand. Delta Activewear is a preferred supplier of activewear apparel to regional and global brands, as well as direct-to-retail and wholesale markets. It also specializes in selling casual and athletic products through a variety of distribution channels and tiers. Its On-Demand DC digital solution provides retailers and brands with immediate access to utilize DTG2Goâs network of print and fulfillment facilities.
DELTA APPAREL, INC. 
