Delta's activewear segment sales climb 2.6% in Q1

06 Nov '06

3 min read

After the $20 million payment for the purchase of FunTees, the Company had an aggregate of approximately $69 million outstanding under its revolving line of credit with approximately $16 million of aggregate credit availability.

Fiscal 2007 Guidance
For the second fiscal quarter ended December 30, 2006, the Company expects sales to be in the range of $74 to $78 million and diluted earnings to be in the range of $0.14 to $0.18 per share.

For the full fiscal year, the Company expects net sales to be in the range of $325 to $340 million and diluted earnings per share to be in the range of $1.81 to $2.00.

Retail-Ready Apparel
This segment, which includes the Soffe and Junkfood businesses, reported a sales increase of 4.4 percent to $32.4 million for the first quarter of fiscal year 2007 compared to $31.0 million in the prior year quarter.

The sales increase was driven by record sales in the Soffe business, offset slightly by lower sales in the Junkfood business.

Operating income in the first fiscal quarter of 2007 decreased $1.2 million from the prior year quarter due primarily to the lower sales and increased general and administrative expenses in the Junkfood business.

Activewear Apparel
The activewear segment, which includes the Delta Apparel business, reported sales of $30.3 million for the three months ended September 30, 2006, a 2.6 percent increase from the prior year quarter.

Conference Call
The Company will hold a conference call with senior management to discuss the financial results at 9:00 a.m. ET. The Company invites you to join the call by dialing (913) 981-5543. A live webcast of the conference call will be available on the Company's web site.

Delta Apparel Inc

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