Delta Apparel’s Preliminary Fourth Quarter, Full Fiscal Year Results Show Sales Growth
Delta Apparel, Inc. (PPAI 188431, S9) has announced preliminary results for its 2019 fourth quarter and full fiscal year, which ended September 28. The Greenville, South Carolina-headquartered supplier reports strong upticks in sales in both the quarter and full fiscal year.
The company anticipates overall net sales for the fourth quarter of its 2019 fiscal year to be in a range of $104 to $106 million, or about a 12-percent to 14-percent increase from the net sales of $92.9 million from the same quarter last year. It attributes the quarter’s increase to strong organic growth across all of the Delta Apparel’s businesses.
For the full 2019 fiscal year, Delta Apparel expects overall net sales to be in a range of $428 to $430 million and well above last year’s net sales of $395.5 million. The company reports that gains in its digital print business, DTG2Go, which continues to expand through investments in print capacity, new technology and additional facilities, along with accelerating top-line performance in the Salt Life business led by product expansions and momentum with national and regional retailers, are behind the year’s sales growth.
“We are pleased to close out the fiscal year with solid double-digit sales growth in the fourth quarter fueled by strong performance across both our Delta Group and Salt Life Group segments,” says Robert W. Humphreys, Delta Apparel, Inc.’s chairman and CEO. “We are also delighted to have achieved our full-year goals of 20-percent organic growth in our DTG2Go business and strong growth in our Salt Life business.”
Humphreys adds, “Our Delta Activewear team overcame the challenges brought on by changes in product mix within its private label business and also delivered growth for the year. All of our teams have done a great job of executing on our growth initiatives and leveraging our scale and vertical platform. We are confident in the opportunities we see for continued profitable growth.”
Final and complete financial results for the fiscal year 2019 fourth quarter and the full year ending September 28 will be released after the market closes on November 21.