Delta Apparel Reports Third Quarter and Year-to-Date Results
Earnings continue to be hindered by over-inventoried marketplace.
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Robert W. Humphreys, Delta Apparel's chairman and chief executive officer, said that while he is disappointed in the results for the quarter, economic and apparel marketplace improvements that are just beginning to happen warrant cautious optimism.
"The inordinate cotton price increases of 2011 that created so much turmoil in the marketplace are now moderating," he said. "As the higher inventories in the marketplace are worked through, sales volumes should return to a more normal growth pattern, pricing should stabilize, and we would envision a better business environment going forward."
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