Delta Apparel, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended March 31, 2024
May 09, 2024 at 01:30 am IST
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Delta Apparel, Inc. reported earnings results for the second quarter and six months ended March 31, 2024. For the second quarter, the company reported sales was USD 78.94 million compared to USD 110.34 million a year ago. Net loss was USD 36.29 million compared to USD 6.99 million a year ago. Basic loss per share from continuing operations was USD 5.15 compared to USD 1 a year ago. Diluted loss per share from continuing operations was USD 5.15 compared to USD 1 a year ago.
For the six months, sales was USD 158.87 million compared to USD 217.63 million a year ago. Net loss was USD 44.82 million compared to USD 10.56 million a year ago. Basic loss per share from continuing operations was USD 6.38 compared to USD 1.51 a year ago. Diluted loss per share from continuing operations was USD 6.38 compared to USD 1.51 a year ago.
Delta Apparel, Inc. is a vertically integrated, international apparel company. The Company designs, manufactures, sources, and market a diverse portfolio of core activewear and lifestyle apparel products under its primary brands of Salt Life, Soffe, and Delta. It operates through two segments: Delta Group and Salt Life Group. The Delta Group segment consists of its business units primarily focused on activewear styles: DTG2Go and Delta Activewear. The Salt Life Group segment comprises its Salt Life business, which is built on the authentic, aspirational Salt Life lifestyle brand. Delta Activewear is a preferred supplier of activewear apparel to regional and global brands, as well as direct-to-retail and wholesale markets. It also specializes in selling casual and athletic products through a variety of distribution channels and tiers. Its On-Demand DC digital solution provides retailers and brands with immediate access to utilize DTG2Goâs network of print and fulfillment facilities.
DELTA APPAREL, INC. 
