Delta Apparel Reports Preliminary First Quarter Sales Results
DULUTH, Ga.–(BUSINESS WIRE????????)–Delta Apparel, Inc. NYSE American: DLA, a leader provider of lifestyle and activewear, as well as direct-to garment digital printing and fulfillment solutions, has announced preliminary sales results from its first fiscal quarter 2023 ended December 31, 2022.
In the company’s first quarter, net sales are expected to be approximately $106 millions. The Salt Life Group segment saw 17% growth, with double-digit growth on its direct-toconsumer and eCommerce channels. It also expects continued growth in its wholesale client base. DTG2Go saw 20% sales growth in the Delta Group segment compared to the previous year’s first quarter. The Company experienced a sales drop in Delta Direct due to market conditions. However, Global Brands channel and Retail Direct both saw double-digit sales growth.
Robert W. Humphreys, the Company’s Chairman and Chief Executive Officer, commented, “The top-line performance we delivered this quarter showcases the inherent resiliency of our business model and the strength we saw in the majority of our sales channels allowed us to overcome some demand-related headwinds in the mass retail channel.”
As previously announced, the Company will host a “fireside chat” on Monday, January 9, 2023, at 10:00 a.m. Eastern Time, at the ICR Conference 2023 being held at the Grande Lakes Resort in Orlando, Florida. A webcast of the fireside chat will be available on Delta Apparel’s website at www.deltaapparelinc.com. Real Player and Windows Media Player required for the webcast.
About Delta Apparel, Inc.
Delta Apparel, Inc., along with its operating subsidiaries DTG2Go, LLC, Salt Life, LLC, and M.J. Soffe, LLC, is a vertically-integrated, international apparel company that designs, manufactures, sources, and markets a diverse portfolio of core activewear and lifestyle apparel products under the primary brands of Salt Life®, Soffe®, and Delta. Market leader in direct to garment digital print and fulfillment, the Company brings DTG2Go technology innovation and market leadership to customer supply chain. The Company is primarily focused on selling casual and sports products via a range of channels and tiers. These include independent and specialty retailers, sporting and outdoor retailers, superior department stores and mid-tier retail stores, mass merchants, ecommerce websites, U.S. military and business-to-business sites. The Company’s products are also made available direct-to-consumer on its websites at www.saltlife.com, www.soffe.com and www.deltaapparel.com as well as through its branded retail stores. The Company’s operations are located throughout the United States, Honduras, El Salvador, and Mexico, and it employs approximately 8,600 people worldwide. Additional information about the Company is available at www.deltaapparelinc.com.
Warning about Forward-Looking statements
This press release may contain “forward-looking” statements that involve risks and uncertainties. There are many factors that could lead to actual results being different from what was expected or predicted. These include the U.S. economic situation and any government/social measures taken to control it. The impact of COVID-19 on the U.S. economy, our financial position, liquidity and financial investments. Our ability and ability of customers to pay their bills on time and in an efficient manner. We also have to consider the risks and uncertainties outlined in the “Risk Factors”, which were filed with the Securities Exchange Commission. They were updated in our quarterly reports on 10-Q. Delta Apparel, Inc. disclaims all obligation to make forward-looking statements other than as required by law.