Delta Apparel expecting gains in Q1

Greenville, South Carolina-based Delta Apparel, Inc. reported climbing preliminary first quarter results on Wednesday, driven by solid double-digit gains in the company’s Salt Life business, as well as in its digital print business.

Net sales for the first quarter of its 2019 fiscal year are expected to come in ahead of expectations at approximately $101 million, up approximately 12 percent from prior year net sales of $90.3 million.

Newly acquired DTG2Go and SSI Digital Print businesses drove towing sales in its digital print business.

“We are pleased with our start to the new fiscal year and the broad-based momentum we are seeing across our business segments. We have delivered sequential growth in our Salt Life Group, and our Delta Group continues its strong expansion driven by our DTG2Go digital print business. We look forward to providing our full results for the first quarter during our upcoming earnings call,” said chairman and CEO, Robert W. Humphreys.

Though it expects earnings per share for the quarter to be above the prior year period, results were impacted by an expense of $2.5 million associated with the resolution of litigation stemming from The Sports Authority's March 2016 bankruptcy.

The company now anticipates adjusted earnings per share of $0.08 after excluding any financial impacts, which is still in line with prior year adjusted results.

Final results for the first quarter ended December 29, 2018, will be released after the market closes on February 4, 2019.

Delta Apparel expecting gains in Q1

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