Delta Apparel makes history in Q1
Branded activewear apparel manufacturer Delta Apparel, Inc. has posted a 15.8% increase in sales for its first quarter ended September 29.
Net sales hit a first quarter record, totalling $72.6 million compared with $62.7 million in the prior-year quarter. The increase was driven primarily by the acquisition of FunTees on October 2, 2006, and the sales growth in its Junkfood business, although this was offset by lower sales of Soffe products and undecorated t-shirts. The activewear segment, which includes the Delta and the FunTees businesses, reported sales of $42.2 million for the three-month period, a 39% increase over the prior year first quarter.
However, net loss for the first quarter was $1.5 million compared with net income of $2.2 million for the first quarter of 2006.
The company expects sales for the second quarter ended December 29 to be between $64 million and $68 million.
