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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Net sales for the basics segment in the 2013 fourth quarter were up slightly to $78.0 million compared with $77.5 million in the 2012 fourth quarter. Both the Delta Catalog and FunTees businesses contributed to the sales increase while also expanding gross margins.
Robert W. Humphreys, Delta Apparel's chairman and chief executive officer, commented that the strategies Delta has executed over the past eighteen months are paying off in greater unit sales and improved margins, which are having the anticipated positive effect on net income. "We're pleased that the strong performance of nearly all of our businesses has more than offset the weakness in Soffe, which has not yet turned the corner."
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