Activewear lifts sales at Delta Apparel
American active wear marketer, manufacturer and distributor Delta Apparel, Inc. has reported financial results in line with its previously disclosed estimates, for the third fiscal quarter ended March 31.
Net sales increased 22.6% to a third quarter record of $85 million compared with $69.4 million in the prior year period. Net income was $2.8 million compared with $2.7 million.
The retail-ready apparel segment, which includes the Soffe and Junkfood businesses, reported a slight sales decline of $0.1 million, or 0.4%, to $32.7 million, however, the activewear segment, which includes the Delta Apparel business and the newly acquired FunTees business, reported sales of $52.3 million compared with $36.6 million in the prior year period.
For its fourth fiscal quarter ending June 30, the company expects sales to be in the range of $100 to $106 million compared with $82.5 million.