US' Delta Apparel expects net sales of $126 mn in Q3 2022

14 Jul '22

2 min read

Pic: Delta Apparel

Delta Apparel, a leading provider of core activewear and lifestyle apparel products, expects preliminary net sales for the third quarter (Q3) of fiscal 2022 (FY22) ended July 2, 2022, to be approximately $126 million, a 6 per cent increase compared to the prior year third quarter net sales of $118.7 million and mid-single digit growth when compared to the pre-pandemic fiscal 2019 third quarter net sales.

The June quarter top line growth was led by Salt Life Group segment net sales growth of over 25 per cent and continued growth in the Delta Group segment, the company said in a statement.

Robert W Humphreys, the company’s chairman and chief executive officer commented: “Delta Apparel’s activewear and lifestyle brands, including Salt Life, Soffe and Delta, continue to demonstrate broad-based market appeal, fuelling positive sales growth in our June quarter across both our Delta and Salt Life Group segments. Within our Delta Group, the activewear business has enjoyed continued success in what remains a fluid macro environment. We further benefited from our diversified channels of distribution and our continued ability to increase our value-added services.

“Within our DTG2Go business, we finished the June quarter strong and anticipate continued momentum in upcoming quarters as our 'on-demand' digital first solution brings on additional production to meet demand and prepare for the upcoming holiday season.

“Our Salt Life Group delivered a strong sales quarter, with over 25 per cent year-over-year growth driven by increased business in both our retail and wholesale channels of distribution. We further invested in Salt Life’s retail presence, opening two new locations during the third quarter in Boca Raton, Florida and Rehoboth Beach, Delaware, bringing the Salt Life retail operations to 20 retail doors.”

Humphreys concluded, “We are pleased with our Delta Group and Salt Life Group segment’s third quarter revenue and expect continued momentum throughout the remainder of fiscal 2022. Our diversified channels of distribution and broad customer base combined with our vertical manufacturing platform, expanded capability for increased value-added services and growing demand for DTG2Go production positions us well for future growth. We look forward to providing more information on our third quarter fiscal 2022 results and business outlook in early August.”

Fibre2Fashion News Desk (KD)

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