Delta Apparel posts record sales

07/02/2007
 
Casual and athletic wear specialist Delta Apparel, Inc. has reported record sales for its second quarter ended December 30. The results include the operations of FunTees, which was acquired October 2.

Net sales for the three-month period increased 26.4% to a second quarter record of $72.9 million compared with $57.7 million in the prior-year period. The increase was primarily attributed to the addition of FunTees, which led to a 65.2% sales increase in the activewear segment, and strong sales in the Soffe apparel business, which achieved a 22.3% sales increase in this period. On a less positive note, net income for the quarter fell to $0.6 million from $2.4 million in the corresponding period last year.

For the third quarter ended March 31, sales are expected to be in the range of $84 to $88 million compared with sales of $69.4 million in the prior year quarter.