Delta Apparel Reports Fourth Quarter and Year-End Results
For the 2012 fourth quarter, the basics segment net sales were up slightly to $77.5 million compared with $77.1 million in the 2011 fourth quarter. The results were due to excellent gains in the FunTees business offset by lower selling prices in the catalog business.
"We are pleased Delta Apparel Inc. was able to deliver yet another record-sales year," said Robert W. Humphreys, chairman and CEO of Delta Apparel. "Unfortunately, the volatility in cotton prices and disruption this caused in wholesale and retail markets, and ultimately consumer demand, did not allow us to meet our profit objectives for the year. As these conditions return to normal, resulting in a more stable retail environment, we anticipate renewed growth and stronger margins in 2013. Various strategies have been initiated and other aggressive plans are under evaluation to better leverage our businesses and accelerate growth.
- Companies:
- Delta Apparel