Trade Resources Company News Delta Apparel Rebounds in Q4, FY

Delta Apparel Rebounds in Q4, FY

Net income for the final period ended Oct. 3 was $4,240,000 against a loss of $765,000 on a 13% sales improvement to $120,194,000 from $114,897,000. Sales in basics rose 21% to $74.4 million from $61.4 million driven by activewear sales which were up 20%. The branded segment had sales of $45.8 million compared to $53.5 million, hurt by distribution disruptions in the Salt Life division that are now resolved. For the FY, Delta had income of $8,093,000 against a loss of $960,000 on sales of $449,142,000, down 1% from $452,901,000.

The stock is down 0.31% or $0.05 after the news, hitting $16 per share. About 15,860 shares traded hands or 29.32% up from the average. Delta Apparel, Inc. (NYSEMKT:DLA) has risen 16.47% since May 6, 2015 and is uptrending. It has outperformed by 17.27% the S&P500.

Source: www.made-in-China.com
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