Delta Apparel Announces Preliminary First Quarter Results
Delta Apparel, Inc. (DLA)
NASDAQ:AMEX Investor Relations:
deltaapparelinc.com/investors/stock-information/default.aspx
Company Research
Source: GlobeNewswire
GREENVILLE, S.C., Jan. 13, 2020 (GLOBE NEWSWIRE) -- Delta Apparel, Inc. (NYSE American: DLA), a leading provider of core activewear and lifestyle apparel, today announced preliminary results for its 2020 fiscal first quarter ended December 28, 2019. The Company expects overall net sales for the first quarter of its 2020 fiscal year to be approximately $95 million compared to $101.7 million in the prior year period. The Delta Group and Salt Life Group businesses were impacted by the shorter holiday calendar combined with an earlier shipping cut-off for in-hands holiday receipts. The Salt Life direct-to-consumer channels saw strength both online and in its branded retail stores. Despite the decline in overall sales, the Company expects to deliver strong gross margin performance as the business benefitted from improved process efficiencies while further leveraging its integrated vertical manufacturing platform. The improved gross margin performance is expected to offset the impact of
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