Delta Apparel Reports FY13 Fourth Quarter and Year-End Results
Marks ten consecutive years of record sales; the company changes fiscal year-end to September for subsequent years
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The company's fiscal year will end on the Saturday closest to September 30. In connection with the change, the company will have a three-month bridge period that will end on September 28, 2013, and its fiscal year 2014 will then begin on September 29, 2013 and end on September 27, 2014.
Fiscal 2014 Guidance
For the three-month bridge period ending September 28, 2013, the company anticipates sales will be in the range of $130 million to $132 million, with earnings per diluted share expected to be in the range of $0.30 to $0.35. The earnings per share guidance is net of approximately $0.14 per share for one-time costs, comprising $0.11 related to the Wendell facility closing and $0.03 related to the Salt Life acquisition.
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