Net income was up 235% to $4,398,000 from $1,311,000 on 12% higher revenues at $108,626,000 over $96,660,000 for the fiscal second quarter ending Apr. 3. Gross margin improved 150 b.p. to 22.8% on favorable product mix, selling price increases, and manufacturing efficiencies and process improvements. SG&A expense ticked down 4% to $17,061,000, improving 280 b.p. to 15.7% as a percentage of sales. Improvements were led by pandemic-holdover spending and cost controls in labor and travel, which offset the costs incurred in the consolidation of Soffe products into the new Phoenix DC.

Delta Group sales gained 12%, driven by activewear demand, and ... Log in to view full article.