Delta Apparel Reports Third Quarter and Year-to-Date Results
Earnings continue to be hindered by over-inventoried marketplace.
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The basics segment's net sales in the fiscal 2012 third quarter were $67.0 million, down approximately 5 percent from last year's third quarter. The decline came from the Delta Catalog business, which continues to suffer from excess inventories in the marketplace. The FunTees business continued to grow in the 2012 third quarter with a 13 percent increase in net sales. The increased revenue, coupled with lower costs, improved profits in the company's private label business.
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- Delta Apparel
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