Delta Apparel Reports Preliminary First Quarter Sales Results
Majority Of Go-To-Market Channels Expect Double-Digit growth
ICR Conference 2023: Company to be represented
DULUTH (Ga.), January 05th, 2023–(BUSINESS WIRE.)–Delta Apparel, Inc., a top provider of lifestyle apparel, core activewear, and direct-to garment digital print and fulfillment solutions, today announced preliminary sales results from its 2023 fiscal quarter that ended December 31, 2022.
The Company anticipates total first quarter net sales of $106 million. This includes 17% sales growth within the Salt Life Group segment, double-digit growth across its direct to consumer retail and eCommerce channels, as well as continued growth in its wholesale customers. DTG2Go’s 20% increase in sales led to the Delta Group segment. This was compared with the first quarter of last year. The Company experienced a sales decline in Delta Direct due to market conditions. However, Global Brands 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.”
The Company will host a fireside chat on Monday, January 9, 2023 at 10:00 Eastern Time at the ICR Conference 2023. It is being held at Grande Lakes Resort in Orlando. A webcast of the fireside chat will be available on Delta Apparel’s website at www.deltaapparelinc.com. To listen to the webcast, Real Player or Windows Media Player are required.
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. The Company is a market-leader in direct-to-garment digital printing and fulfillment. They bring their DTG2Go technology, innovation and expertise to customer supply chains. The Company sells casual and athletic products through many distribution channels, including independent and specialty shops, higher-end department stores and mid-tier retailers as well as mass merchants and online e-retailers. 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.
Forward-Looking Statements: Cautionary Note
Forward-looking statements in this press release could contain risks and uncertainties. A number of factors can cause actual results to differ materially to those anticipated or forecasted, including but not limited to: the general U.S. economy and social actions taken by the government/social to contain the COVID-19 pandemic; the impact on our operations of the COVID-19 pandemic on the U.S., global and local economies; the ability for us to borrow capital and service our variable rate debt; interest rate fluctuations increasing our obligations; our ability raise additional capital; the illiquidity our shares Delta Apparel, Inc. does not assume any obligation to make forward-looking statements. These statements are only made to reflect changes in circumstances or events that occur after the date of the press release.
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