Delta Apparel Sees Higher Profits on Lower Sales
DLA sales slipped 6% in its fiscal second quarter ended Mar. 30 to $96.7 million from $102.8 million, due to the impact of Covid-19 store closures late in the quarter. Sales were on track for a 9% improvement before the outbreak. Net income is expected to come in at $0.16 to $0.18 per share compared to $0.13 last year, helped by higher gross margins, but also including about ... Log in to view full article.
