Delta Apparel Inc. Stock Price, News & Analysis

Delta Apparel (AMEX: DLA) reported preliminary sales of approximately $109 million for Q1 fiscal 2022, marking a 15% increase from $94.7 million in Q1 fiscal 2021. This growth is attributed to strong demand across all business units, particularly within the Delta and Salt Life Groups, which both saw double-digit sales growth. The Salt Life Group experienced a 25% increase in sales driven by wholesale and direct-to-consumer channels. The company will release detailed financial results on February 8, 2022.

Delta Apparel, Inc. (NYSE American: DLA) will participate virtually in the 2022 ICR Conference. A fireside chat is scheduled for January 10, 2022, at 10:00 a.m. Eastern Time. Investors can join the conversation through the company’s webcast available on its website. Delta Apparel, recognized for its activewear and lifestyle apparel, operates internationally with about 8,700 employees and a diverse portfolio under brands including Salt Life and Soffe. More details can be found on their corporate website.

Delta Apparel, Inc. (DLA) reported strong revenue growth for its fiscal Q1 2022, anticipating net sales exceeding $104 million, up from $94.7 million a year prior. This marks a record for the company, surpassing its previous best of $101.7 million in fiscal 2019. Despite challenges like inventory constraints and supply chain issues, the company expects double-digit growth throughout the fiscal year. Additionally, Delta Apparel continues its share repurchase program, with $7.5 million remaining authorized for buybacks, having already repurchased nearly 3.6 million shares for $52.5 million.

Delta Apparel, Inc. (NYSE American: DLA) has appointed Simone Walsh as the new CFO & Treasurer, succeeding Deborah Merrill, who is resigning but will assist in the transition until January 22, 2022. Walsh brings extensive experience from her previous role as Vice President at Novelis Inc. and has held senior financial roles at PRGX Global, Inc. and The Home Depot, Inc.. Chairman Robert W. Humphreys praised Walsh's expertise in strategy and finance, expecting her to drive growth and profitability for the Company.

Delta Apparel, a leader in activewear and lifestyle apparel, will participate in the virtual Shareholder Equity Conference on November 29, 2021, at 1:00 PM ET. This event features a fireside chat format, allowing investors to engage directly with management. The livestream can be accessed via the Delta Apparel website or the conference platform. An archived replay will be available for 90 days post-event. Delta Apparel operates brands like Salt Life and Soffe, with a workforce of approximately 8,600 across the U.S., Honduras, El Salvador, and Mexico.

Delta Apparel, Inc. (DLA) reported a 15% increase in net sales for the fiscal year 2021, reaching $436.8 million, with a gross margin expansion of 540 basis points to 23.3%. The fourth quarter net sales were $114.7 million, a 5.9% increase on a comparable quarter basis. Operating income improved to $32.8 million, or 7.5% of sales, with net income at $20.3 million, translating to $2.86 per diluted share. The company maintains a solid financial position with low debt leverage at 2.5 times EBITDA, enabling them to fund growth initiatives and enhance shareholder value.

Delta Apparel, Inc. (AMEX: DLA) will report its fiscal year 2021 fourth quarter and year-end results on November 18, 2021, after market close. A conference call with senior management will take place at 4:30 p.m. ET to discuss the financial results and business outlook. Participants can join the call by dialing 800-437-2398 or 323-289-6576 for international callers. A live webcast will be available on the company's website, and a replay will be accessible until December 18, 2021.

Delta Apparel, Inc. (AMEX:DLA) has announced projected fourth-quarter GAAP earnings between $0.91 and $0.94 per diluted share for the 2021 fiscal year. The company anticipates net sales of approximately $114 million, a 6% increase from last year. Total annual sales for fiscal 2021 are expected to be around $436 million, up 14%. With a decrease in total net debt to $121 million, the company is optimistic about future growth and profitability. Further details will be released after market close on November 18, 2021.

Delta Apparel, Inc. (NYSE American: DLA) announced plans to open five new retail locations for its beach lifestyle brand, Salt Life^®, in Florida, South Carolina, and Alabama in early 2022. This expansion comes in response to strong demand for Salt Life products in coastal markets, enhancing brand presence in key areas. The new stores will add to existing locations, which have exceeded sales expectations. CEO Robert W. Humphreys emphasized that these additional stores will further engage consumers and promote the beach lifestyle.