Delta Apparel Reports Fiscal 2013 Second Quarter and Six Months Results
Basics Segment Review
Second quarter 2013 sales in the basics segment rose to $58.8 million, a 2.2 percent increase over the comparable 2012 period. The increase resulted from a 13.1 percent rise in basics segment volume, which was offset somewhat by lower average selling prices in both the Delta Catalog and FunTees businesses. The addition of new customers in the blank and private-label business was the principal driver of the volume increase. Delta Catalog experienced a 15 percent increase in unit volume, driving 7.8 percent sales growth. Due to lower pricing, FunTees experienced a net sales decline of 7.3 percent despite a 6 percent increase in volume. Efficient use of new print programs using Delta Catalog blanks and the success of Delta's Six Sigma initiatives in reducing manufacturing costs bolstered revenue and provided improved margins for the basics segment.
- Companies:
- Delta Apparel