Net income was up 6% to $4,837,000 from $4,550,000 in its fiscal third quarter as revenue grew 6% to $119,260,000 from $112,182,000 including a 5% gain in Delta Group sales and an 18% jump in Salt Life Group sales. Activewear was flat for the quarter, with catalog business growth offset by a sales decline in the private label business. Gross margins contracted 84 b.p. to 20.78%. SG&A expenses were flat, improving 90 b.p. as a percentage of sales to 15%, driven by better leveling of cost structure and higher sales volumes in both Salt Life and Delta Group.

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