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Delta Apparel Inc. - DLA STOCK NEWS

Welcome to our dedicated news page for Delta Apparel (Ticker: DLA), a resource for investors and traders seeking the latest updates and insights on Delta Apparel.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Delta Apparel's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Delta Apparel, Inc. (DLA) reports financial results for Q1 FY 2024 with a focus on cost restructuring and capital optimization. Net sales declined to $79.9 million from $107.3 million YoY. Gross margins were 10.9%, impacted by production curtailments. Operating loss increased to $4.9 million. EBITDA was a loss of $1.3 million. Net loss rose to $8.5 million. Debt decreased to $110.8 million. The company plans to streamline operations and manage liquidity.
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-41.65%
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Rhea-AI Summary
Delta Apparel, Inc. (NYSE American: DLA) will report its fiscal year 2024 first quarter results on February 12, 2024, after the market closes. A conference call with senior management to discuss financial results will follow at 4:30 p.m. ET. The call will be available via webcast and a replay will be accessible through March 12, 2024.
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Rhea-AI Summary
Delta Apparel, Inc. (NYSE American: DLA) announced financial results for its fiscal year 2023 fourth quarter and full year ended September 30, 2023. Despite a challenging year due to reduced demand, the company implemented initiatives to optimize cost structure and set the stage for significant operational improvement. Delta Group and Salt Life Group segments are expected to steadily improve operating performance in fiscal year 2024. However, the company reported a decline in net sales, gross margins, and operating income for the fourth quarter and full year, with increased operating losses and net income decline.
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Delta Apparel, Inc. (NYSE American: DLA) will report its fiscal year 2023 fourth quarter and year-end results on December 7, 2023, after the market closes. The company will also hold a conference call to discuss its financial results and business outlook. The live webcast of the call will be available at www.deltaapparelinc.com, with a replay available through January 7, 2024.
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2.52%
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Delta Apparel, Inc. (NYSE American: DLA) announces the expansion of its Salt Life® brand's retail footprint with the opening of three new retail locations, including the brand's first location in Virginia and two additional Florida locations. The new stores will offer both full-price and outlet options, catering to a wide audience eager to explore high-quality ocean performance and lifestyle gear. By the end of 2023, Salt Life will have a total of seven new retail stores, including full-price and outlet stores in various markets. The new location in Pompano Beach, Florida will also house a state-of-the-art content studio and multi-media broadcast platform for the Sport Fishing Championship, in connection with Salt Life's 10-year sponsorship agreement to serve as its official apparel and sunglasses provider.
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0.67%
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Rhea-AI Summary
Delta Apparel, Inc. has received an unsolicited offer to purchase its Salt Life business unit. The Salt Life brand has grown into a highly profitable business with over $60 million in revenue and is offered in over 1,700 wholesale doors across 48 states. The potential transaction is subject to approval by the Delta Apparel Board of Directors.
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Delta Apparel, Inc. announces financial results for Q3 2023, with net sales of $106.3 million, a decrease from the previous year. Gross margins were 13.1%, driven by production curtailments and inflationary cotton costs. The company expects steady improvement in operating results for Q4 and fiscal year 2024, with net sales projected to be $410-425 million and operating profit margins of 3.25%-4.25%.
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Delta Apparel, Inc. (NYSE American: DLA) will report its fiscal year 2023 third quarter results on August 3, 2023. The company will hold a conference call with senior management to discuss its financial results and business outlook. A live webcast of the conference call will be available on the company's website. A replay of the call will also be available.
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Rhea-AI Summary
Delta Apparel, Inc. reports double-digit sales growth in Q2 2023, driven by Salt Life and DTG2Go businesses. Salt Life achieves record sales and profitability, expands license portfolio. DTG2Go sees nearly 20% topline expansion. Net sales for Q2 2023 were $110.3 million, compared to $131.7 million in Q2 2022. Gross margins declined to 14.7% from 25.5% due to production curtailments and inflationary costs. Operating income declined from $14.3 million to a loss of $5.4 million. Net income declined from $10.1 million to a loss of $7.0 million. Net inventory decreased by $15.7 million from December 2022. Total net debt increased to $194.3 million. The Company spent $2.0 million on capital expenditures in Q2 2023.
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Delta Apparel Inc.

NYSE:DLA

DLA Rankings

DLA Stock Data

18.76M
5.38M
15.49%
63.26%
0.94%
Apparel Accessories and Other Apparel Manufacturing
Manufacturing
Link
US
Greenville

About DLA

delta apparel, inc. is an international design, manufacturing, sourcing and marketing company that features a diverse portfolio of high quality branded and private label activewear apparel and headwear. we specialize in selling a variety of casual and athletic tops and bottoms, embellished and unembellished t-shirts, and licensed and branded clothing and headwear for the ever-changing apparel market. we focus on our broad distribution of apparel products to specialty and boutique stores, upscale and traditional department stores, mid-tier retailers, sporting goods stores, screen printers, and private label accounts. in addition, certain products are sold in college bookstores and to the united states military.