Delta Apparel, Inc. Reports Earnings Results for the First Quarter Ended December 28, 2013; Provides Earnings Guidance for the Second Quarter Ending March 29, 2014
January 23, 2014 at 09:05 pm
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Delta Apparel Inc. reported earnings results for the first quarter ended December 28, 2013. For the quarter, the company's net sales were $100.0 million versus $106.8 million for the comparable 2013 period. Net loss was $1.6 million, or $0.20 per diluted share, compared with net income for the prior year's quarter of $46,000 or $0.01 per diluted share. Operating loss was $674,000 against operating income of $846,000 a year ago. Loss before benefit from income taxes was $2,132,000 against $41,000 a year ago. Capital spending during the quarter was $4 million and primarily related to manufacturing expansion, as well as ongoing enhancement to information technology and construction.
The company expects to be in a better position when it reports results for the quarter ending March 29, 2014, to either confirm or update its guidance for the fiscal year ending September 27, 2014. The company continue to expect CapEx to be approximately $15 million during fiscal 2014.
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. Reports Earnings Results for the First Quarter Ended December 28, 2013; Provides Earnings Guidance for the Second Quarter Ending March 29, 2014
DELTA APPAREL, INC. 
