Delta Apparel, Inc. (NYSE American: DLA) reported its fiscal year 2024 second-quarter results, with net sales of $78.9 million, a decrease from the prior year. The Salt Life Group segment saw net sales of $15.5 million, while the Delta Group segment had $63.4 million in net sales. Gross margins were significantly impacted, with the Delta Group segment at (6.3%) and the Salt Life Group segment at 47.5%. Operating loss increased to $24.4 million, with an adjusted loss of $6.0 million. Earnings before interest, taxes, depreciation, and amortization (EBITDA) showed a loss of $20.9 million. The net loss increased to $36.3 million, or $5.15 per share. Total net debt decreased by approximately 35% to $126.2 million as of March 30, 2024.
Delta Apparel, Inc. (NYSE American: DLA) has announced that it will release its fiscal year 2024 second quarter results on May 8, 2024. The company will also hold a conference call to discuss its financial results on the same day. Interested parties can join the call or view a live webcast on the company's website. A replay of the call will be available for a time.
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