Net income was up 12% to $3,432,000 from $3,075,000, while revenues increased 16% to $107,957,000 from $92,922,000 driven by the Delta Group segment, which increased 17% with growth in all businesses. Gross margin improved 60 basis points to 21.2%, with improvement in both the Delta Group and Salt Life Group segments more than offsetting a decline in DTG2Go margins from the opening of new Dallas, TX, and Cranberry, NJ, facilities. SG&A expenses increased 7% to $18,449,000 from $17,317,000, while improving as a percentage of sales by 150 basis points to 17.1%, leveraging on the strong sales for the quarter.
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