Delta Apparel Inc. Stock Price, News & Analysis

Delta Apparel, a key player in activewear and lifestyle apparel, will participate virtually in the 23rd Annual ICR Conference. The fireside chat is scheduled for January 12, 2021, at 12:30 p.m. ET, with a focus on investor discussions. Attendees can access the webcast via Delta Apparel's official website. The company operates under brands such as Salt Life and Soffe, with a robust vertical integration in apparel design, manufacture, and marketing. Employing around 7,900 people, Delta Apparel's reach spans the U.S., Honduras, El Salvador, and Mexico.

Delta Apparel, Inc. (NYSE American: DLA) announced the opening of new retail locations for its Salt Life brand. Starting in early August, "pop-up" stores launched in Pooler and Woodstock, Georgia, with more set to open in Myrtle Beach, South Carolina, and permanent stores in Estero and Palm Beach Gardens, Florida, slated for September and October. Salt Life President Jeff Stillwell emphasized customer enthusiasm for the brand, indicating strong growth opportunities amid current market challenges.

Delta Apparel announced preliminary third quarter net sales of approximately $72 million, representing 60% of prior year's net sales of $119.3 million. Sales improved month-over-month, reaching about 90% of prior year levels by June. The DTG2Go segment saw a significant 32% growth, driven by new customers. Direct-to-consumer sales more than doubled, with notable growth on Salt Life and Soffe e-commerce sites. Despite challenges from COVID-19, the company expects a non-recurring expense of about $24 million and remains optimistic about future profitability.

Delta Apparel, Inc. (NYSE American: DLA) reported a remarkable 90% increase in direct-to-consumer sales for its Salt Life brand for the month ending May 30, 2020, compared to the previous year. E-commerce sales doubled, and retail store sales grew nearly 50%. All ten of Salt Life's retail locations reopened by May 24, 2020, and two new stores are set to open in Florida this summer. This growth is attributed to the brand's strong connection with consumers and successful engagement online, with a noted increase in website traffic and sales metrics.

Delta Apparel (DLA) has joined the Cotton LEADS program, reinforcing its commitment to sustainability and acknowledging advancements in U.S. and Australian cotton production. The program aims to educate stakeholders on sustainable and responsible cotton farming practices. With over 600 partner companies worldwide, Cotton LEADS promotes traceability and best practices in the cotton supply chain. Delta Apparel's President, Deb Merrill, emphasized the importance of quality and sustainability in their products, which include the brands Salt Life, COAST, Soffe, and Delta.

Delta Apparel, Inc. (NYSE American: DLA) reported strong performance for April 2020, with a 25% increase in sales year-over-year, driven by the success of its DTG2Go business. The company saw average daily orders rise to holiday-season levels, with nearly half of the growth coming from new customers. Production levels increased by 50% from March, and over 30% of output was on Delta-branded garments. The rapid growth is supported by a nearly 80% workforce increase since the pandemic began, enhancing the fulfillment capacity across multiple U.S. facilities.

Delta Apparel, Inc. (NYSE American: DLA) has announced a two-year extension of Chairman and CEO Robert W. Humphreys' employment contract, now set to expire with the filing of the Annual Report on Form 10-K for fiscal year 2022. Since joining the company in 1998, Humphreys has played a crucial role in growing revenue by over 300%. The Board of Directors expressed confidence in his leadership and looks forward to continued collaboration to enhance shareholder value.

Delta Apparel, Inc. (NYSE American: DLA) has announced the reopening of its Salt Life branded retail stores in Georgia, Florida, and South Carolina, following closures due to COVID-19. Online engagement for the Salt Life brand has surged during the store closures. New health and safety protocols are being implemented, including social distancing, face coverings for staff, and enhanced cleaning measures. The first store reopened on April 21, 2020, with plans for more locations to follow. Salt Life aims to provide a safe shopping environment while encouraging customer loyalty through flexible return policies.