Delta Apparel Inc. Stock Price, News & Analysis

Delta Apparel, Inc. (NYSE American: DLA) announced its participation in the 35th Annual ROTH Conference from March 12-14, 2023, at The Ritz Carlton in Laguna Niguel, California. The company will conduct one-on-one meetings on March 13 and March 14 to discuss its business strategy and financial results. Interested parties can schedule meetings by contacting Roth at oneononerequests@roth.com. Delta Apparel is recognized for its innovative activewear and lifestyle products, including brands like Salt Life® and Soffe®. The company operates across the USA, Honduras, El Salvador, and Mexico, employing approximately 8,500 people.

Delta Apparel, Inc. (NYSE American: DLA) announced the launch of Salt Life Home, its first home furnishings collection, set for 2024. Developed via a partnership with Magnussen Home, the collection will feature a variety of coastal-inspired products, enhancing the Salt Life brand's diversification into the multi-billion-dollar home goods market. The offering includes items for living, dining, entertainment, and more, embodying the brand's ocean aesthetic. Delta Apparel anticipates that this expansion will significantly boost royalty income through their growing licensing portfolio, which already includes branded restaurants and beverages.

Delta Apparel, Inc. (DLA) reported first quarter sales of $107 million for fiscal year 2023, a decrease from $110.7 million year-over-year. Salt Life Group saw a 17% sales increase to $10.3 million, while DTG2Go achieved nearly 20% growth. However, gross margins fell to 12.7% from 20.8% due to inflation and production shutdowns, leading to an operating loss of $2.59 million compared to a profit of $5.9 million last year. Net income also declined to a loss of $3.6 million per diluted share. Total net debt rose to $185 million, with cash on hand decreasing to $27.2 million. The company plans a conference call on February 7, 2023, to discuss results and outlook.

Delta Apparel, Inc. (DLA) will report its fiscal year 2023 first quarter results on February 7, 2023, after market close. A conference call with senior management will occur at 4:30 p.m. ET to discuss financial outcomes and business outlook. Dial-in numbers are 877-704-4453 for U.S. participants and 201-389-0920 for international callers. A live webcast will also be available at www.deltaapparelinc.com. Replay access will be available until March 7, 2023, using 844-512-2921 as the toll-free number for U.S. callers.

Delta Apparel, Inc. (NYSE American: DLA) announced preliminary sales results for Q1 2023, forecasting net sales of approximately $106 million. The Salt Life Group segment experienced a robust 17% growth, driven by double-digit increases in direct-to-consumer retail and eCommerce. The DTG2Go segment led with a 20% growth year-over-year. However, a decline was noted in the Delta Direct channel due to market conditions.

CEO Robert W. Humphreys emphasized the company's resilience despite demand-related challenges in mass retail.

Delta Apparel, Inc. (AMEX: DLA) will present at the ICR Conference 2023 in Orlando, Florida, on January 9, 2023, at 10:00 a.m. Eastern Time. The company plans to discuss its business strategy and financial results during a fireside chat and will also engage in one-on-one meetings with investors. A webcast will be available on Delta Apparel's website. The company specializes in activewear, lifestyle apparel, and digital print fulfillment, employing around 8,600 people across the U.S., Honduras, El Salvador, and Mexico.