Double-Digit Growth Possible in Majority Of Go-To-Market Channels
ICR Conference, 2023: Company to Participate
DULUTH (Ga.), January 05th, 2023–(BUSINESS WIRE.)–Delta Apparel, Inc., a top provider of lifestyle apparel, core activewear, and direct-to garment digital printing and fulfillment solutions, today announced preliminary sales results from its 2023 fiscal quarter that ended December 31, 2022.
The Company anticipates first quarter net revenues of around $106 million. It is led by 17% sales increase in the Salt Life Group Segment, which includes double-digit sales growth across its direct and indirect-to-consumer channels. DTG2Go’s 20% increase in sales led to the Delta Group segment. This was compared with the first quarter of last year. Despite the Company experiencing a decline in sales for its Delta Direct channel, due to market conditions the company’s Global Brands channels and Retail Direct channels achieved double-digit sales growth during the quarter.
Robert W. Humphreys, the Company’s Chairman and Chief Executive Officer, commented, “The top-line performance we delivered this quarter showcases the inherent resiliency of our business model and the strength we saw in the majority of our sales channels allowed us to overcome some demand-related headwinds in the mass retail channel.”
The Company will host a “fireside conversation” at the ICR Conference 2023 in Orlando on Monday, January 9th, 2023 at 10:00 Eastern Time. A webcast of the fireside chat will be available on Delta Apparel’s website at www.deltaapparelinc.com. Real Player and Windows Media Player are required to view the webcast.
About Delta Apparel, Inc.
Delta Apparel, Inc., along with its operating subsidiaries DTG2Go, LLC, Salt Life, LLC, and M.J. Soffe, LLC, is a vertically-integrated, international apparel company that designs, manufactures, sources, and markets a diverse portfolio of core activewear and lifestyle apparel products under the primary brands of Salt Life®, Soffe®, and Delta. The Company is a market-leader in direct-to-garment digital printing and fulfillment. They bring their DTG2Go technology, innovation and expertise to customer supply chains. The Company is a leader in the sale of casual and athletic products through a range of channels and tiers. These include independent and specialty stores as well as better department stores and mid level retailers. Mass merchants and ecommerce sites, the U.S. Military, and business-to-business ecommerce sites. The Company’s products are also made available direct-to-consumer on its websites at www.saltlife.com, www.soffe.com and www.deltaapparel.com as well as through its branded retail stores. The Company’s operations are located throughout the United States, Honduras, El Salvador, and Mexico, and it employs approximately 8,600 people worldwide. Additional information about the Company is available at www.deltaapparelinc.com.
Cautionary Note regarding Forward-Looking statements
Forward-looking statements in this press release could contain risks and uncertainties. There are many factors that could cause actual results not to be as expected or forecasted. These include the U.S. economic situation and government/social measures taken to contain it; the impact of COVID-19 on our operations, financial conditions, liquidity and capital investments; the volatility of cotton and other raw materials; the ability of customers and suppliers to meet their financial obligations; fluctuations in interest rates increasing our obligations under our variable-rate indebtedness; raising additional capital; the illiquidity and volatility of our shares, as well as our quarterly reports on Form 10-Q. Delta Apparel, Inc. does not assume any obligation to make forward-looking statements. These statements are only made to reflect changes in circumstances or events that occur after the date of the press release.
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ICR, Inc.
Investors:
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Media:
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