Delta Apparel Net Falls on Lower Margins
Net income decreased 77% percent to $825,000 from $3,632,000 in DLA’s fiscal second quarter ended Mar. 30, on revenues that increased 3% to $102,838,000 from $100,004,000. Delta Group segment sales growth of near 4% was offset by an equal decline in the Salt Life Group. Management cited an unseasonably cold start to spring in key markets and the late spring break selling period for the low sales growth in the quarter for both its Delta Group and Salt Life Group. It reported growth in spring order replenishments and overall sales for the start of Q3 and expects to hit its ... Log in to view full article.