Delta Apparel Sees 40% Sales Drop
Fiscal third quarter revenues are expected to come in at about $72.0 million, down 40% from $119.3 million last year, as April’s 68% plunge gradually recovered to just a 10% decline in June. No bottom line guidance was provided, but DLA said it would record about $24 million in Covid-19 related expenses in the quarter. Liquidity is in good shape, however, with cash on hand ... Log in to view full article.
