Delta Apparel Reports Third Quarter and Year-to-Date Results
Earnings continue to be hindered by over-inventoried marketplace.
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Branded segment sales for the fiscal 2012 third quarter were $58.5 million, a 7.7 percent increase over fiscal 2011 third quarter sales of $54.3 million. Business at To The Game, led by Salt Life products, was strong for the quarter with a 42 percent increase in net sales at expected gross margins. The Junkfood business continued its double-digit sales growth with a 15 percent increase over the prior year and Art Gun, while still relatively small, improved significantly both in revenue and margins. The exciting growth in these branded businesses was dampened somewhat by weakness in Soffe revenue and margins during the third quarter.
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