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Article Date: May 2023
Word Count: 238

Delta Apparel Results Slip on Retail Destocking


The bottom line swung to a loss of $6,998,000 from last year’s profit of $10,137,000 as net sales fell 16% to $110,335,000 from $131,698,000 for the fiscal second quarter ended Apr. 1. Delta Group sales were off 20% to $91.3 million, dragged down by a 38% decline in the core Delta Direct segment’s retail licensing on mass retail inventory destocking and low demand in regional screenprinting. This was partially offset by DTG2Go posting 18% growth to a record $12.8 million, along with double-digit growth in Delta Retail Direct and only a ... Log in to view full article.

 


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