Robert W. Humphreys, chairman and ehief executive officer of Delta Apparel, commented that the company is positioned for growth in the last half of fiscal 2012 due to the tough decisions that were made in the second quarter. He said, "Had we not taken the entire markdown in the second quarter, the company would have had to deal with the impact of high cotton prices throughout the remainder of the year. We now can focus on growing our operations with the effect of this unprecedented increase in cotton prices behind us. In the second half of fiscal 2012, we currently expect revenue and earnings growth over the prior year. This should allow us to end fiscal 2012 on a positive note and position us to resume annual sales and earnings growth in fiscal 2013."
- Companies:
- Delta Apparel