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Delta Apparel Announces Preliminary First-Quarter Results

January 9, 2018

Delta Apparel Inc., Duluth, Ga., recently announced preliminary results for its 2018 fiscal first quarter, which ended Dec. 30.

The company expects overall net sales for the first quarter of its 2018 fiscal year to be in the range of $88 million to $90 million, a 3%-5% increase from the $85.3 million in revenue in the prior year’s quarter, and 16%-18% sales growth after adjusting for the $9.4 million in revenue in the prior year’s quarter from the since-divested Junkfood Clothing business.

Notable to the overall sales increase is that each business unit achieved double-digit sales growth compared to the prior year. Driven by the strong sales performance, the company expects to show pre-tax profitability in the fiscal 2018 first quarter, which typically is its most challenging quarter, compared to a net loss of 8 cents per diluted share in the prior year period.

“We are extremely pleased with our strong start to fiscal year 2018,” says Robert W. Humphreys, chairman and CEO, Delta Apparel. “Our double-digit revenue growth and expected profitability in our seasonally slowest quarter reflects solid execution within each of our businesses and builds upon our strong finish to fiscal year 2017. Our team has done an excellent job of expanding product offerings, increasing distribution and winning market share. Our brands continue to resonate with consumers and the new Salt Life and Soffe retail stores opened during the quarter provide exciting brand-building and consumer-awareness opportunities in key markets for those businesses. We look forward to providing our full results for the first quarter during our upcoming earnings call.” — J.L.



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