Delta Apparel Inc. Stock Price, News & Analysis

Delta Apparel (NYSE American: DLA) reported a full year net sales increase of 11%, reaching $484.9 million for the fiscal year ended October 1, 2022. Diluted EPS stood at $2.80. The company faced challenges with gross profit declining to $108.8 million and a net loss of $0.3 million in Q4. Despite this, all market channels experienced year-over-year growth. The Salt Life segment excelled with a 21% sales increase. Inventory levels rose significantly to $248.5 million, reflecting higher input costs and increased units on hand.

Delta Apparel, Inc. (AMEX: DLA) is set to announce its fiscal year 2022 fourth quarter and year-end results on November 17, 2022, following market closure. A conference call with senior management will take place at 4:30 p.m. ET on the same day to discuss financial outcomes and future outlook. Interested participants can join by calling 877-704-4453, or 201-389-0920 for international callers. A live webcast is accessible via the company's website, with a replay available until December 17, 2022.

Delta Apparel, Inc. (NYSE American: DLA) has appointed Jason Bates as the new Vice President of Finance for its Delta Group segment. With nearly 20 years of financial leadership experience, Bates will oversee forecasting, planning, budgeting, and reporting. He previously held senior roles at Interface, Inc. and Newell Brands, playing a key role in financial operations across North America and Latin America. This addition aims to enhance the company's strategic vision and growth.

Delta Apparel, Inc. (AMEX: DLA) announced the appointment of Patrick Bowman as Senior Director of DTG2Go, effective October 17, 2022. Bowman's extensive experience in digital printing operations is expected to drive growth for DTG2Go, which specializes in on-demand digital print and fulfillment. He has a strong background in process standardization and operational efficiency, previously serving as Vice President of Operations at Doxim. Bowman's military background as a Captain in the Marines adds to his leadership credentials in this fast-paced industry.

Delta Apparel, Inc. (AMEX: DLA) reports strong fiscal 2022 net sales, expected to reach $484 million, an 11% increase from the previous year. Growth occurred across all five sales channels, notably in Salt Life and DTG2Go, with the fourth quarter projected at $115 million. Despite the activewear segment's slight decline, the overall performance showcases resilience amid economic challenges. The company plans to release complete fiscal 2022 results post-October 1, 2022.

Delta Apparel, Inc. (NYSE American: DLA) will participate in the Shareholder Equity Conference virtually on August 15, 2022, at 11:30 a.m. ET. Investors can engage in a fireside chat format with management. A livestream will be available on the SHAREHolder Equity Conference website, and an archived replay will be accessible for 90 days.

Additionally, CEO Robert Humphreys participated in a TD Ameritrade Network interview on August 8, 2022.

Delta Apparel, Inc. (NYSE American: DLA) reported a 7% increase in net sales for Q3 2022, totaling $126.9 million. The Delta Group saw a 3% growth while Salt Life experienced a significant 30% increase in sales. Gross margins narrowed to 24.2% due to inflationary pressures, impacting profitability with net income at $6.2 million or $0.88 per share, down from $8.2 million or $1.14 per share in the same period last year. Notably, inventory rose by $75.4 million year-over-year, reflecting planned production increases.

Delta Apparel, Inc. (NYSE American: DLA) will report its fiscal third quarter 2022 results on August 4, 2022, after market close. The company will host a conference call at 4:30 p.m. ET to discuss its financial outcomes and outlook. Interested parties can join by calling 844-825-9789 or via international access at 412-317-5180. A live webcast will be available on the company's website. The replay of the call can be accessed until September 4, 2022.

Delta Apparel, Inc. (NYSE: DLA) reported preliminary net sales of approximately $126 million for the fiscal third quarter ended July 2, 2022, reflecting a 6% increase from $118.7 million in the prior year. This growth was driven by a substantial 25% revenue increase in the Salt Life Group segment. The company’s diversified distribution channels and ongoing investments in retail presence, including two new stores, position it for continued momentum in upcoming quarters. Full financial results are set for release on August 4, 2022.