Delta Apparel, a provider of core activewear and lifestyle apparel products, has announced 6 per cent sales decrease to $96.7 million in second quarter (Q2) FY20 ended on March 28, 2020 compared to sales of $102.8 million in same period prior year. Year-over-year (YoY) sales were $192.6 million. Gross profit in Q2 FY20 grew 8.8 per cent to $20.6 million.
Delta Apparel, a provider of core activewear and lifestyle apparel products, has announced 6 per cent sales decrease to $96.7 million in second quarter (Q2) FY20 ended on March 28, 2020 compared to sales of $102.8 million in same period prior year. Year-over-year (YoY) sales were $192.6 million. Gross profit in Q2 FY20 grew 8.8 per cent to $20.6 million.#
Net income for the quarter were $1.3 million (Q1 FY19: $0.9 million). Operating income rose to $3.6 million from $2.7 million in same quarter prior year. Selling, general and administrative (SG&A) expenses were $17.9 million (Q1 FY19: $17.1 million).
Delta Apparel, a provider of core activewear and lifestyle apparel products, has announced 6 per cent sales decrease to $96.7 million in second quarter (Q2) FY20 ended on March 28, 2020 compared to sales of $102.8 million in same period prior year. Year-over-year (YoY) sales were $192.6 million. Gross profit in Q2 FY20 grew 8.8 per cent to $20.6 million.#
“Our second quarter earnings reflect our continued focus on driving profitability despite topline challenges faced late in the quarter due to Covid-19,” Robert Humphreys, company’s chairman and chief executive officer, said in a press release.
Delta Apparel, a provider of core activewear and lifestyle apparel products, has announced 6 per cent sales decrease to $96.7 million in second quarter (Q2) FY20 ended on March 28, 2020 compared to sales of $102.8 million in same period prior year. Year-over-year (YoY) sales were $192.6 million. Gross profit in Q2 FY20 grew 8.8 per cent to $20.6 million.#
Our vertically-integrated business model with diversified sales channels and broad geographic reach is allowing us to not only continue to operate and generate sales in the current environment, but has also created an opportunity for Delta Apparel to support our existing customers and onboard new customers in select channels.”
Fibre2Fashion News Desk (JL)
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