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Article Date: February 2019
Word Count: 270

Delta Apparel Shrinks Loss in Fiscal Q1


Net loss narrowed to $1,149,000 from a loss of $9,952,000 in the fiscal first quarter ended Dec. 29 as a 250% jump in overall digital printing sales drove the top line 13% higher to $101,675,000 from $90,342,000. This year’s loss included a $2.5 million expense to resolve litigation stemming from The Sports Authority bankruptcy, while last year’s loss included a $10.6 million provisional tax expense due to the Tax Act. E-commerce sales were up 30% collectively on the company’s B2B sites, and up 15% on its B2C sites. Gross margin was 20 basis points higher at 18.3% and SG&A was ... Log in to view full article.

 


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