Delta Apparel (DLA) Reports Pleminary Q2 Results; Guides
Delta Apparel, Inc. (AMEX: DLA) expects Q2 revenues to be approximately $73 million, which would be an increase of approximately $4 million, or 6.0%, from the prior year's second quarter. Earnings for the quarter ended December 27, 2008 are expected to be approximately $0.05 to $0.06 per diluted share.
For the fiscal year ending June 27, 2009, Delta Apparel reiterates its expectation for revenue to be in the range of $340 million to $360 million and earnings to be in the range of $0.70 to $0.90 per diluted share. This compares to fiscal year 2008 sales of $322.0 million and a loss of ($0.06) per diluted share, inclusive of ($0.39) of costs associated with the textile restructuring plan.
Mr. Humphreys concluded, "Despite the near-term economic challenges, we remain confident that we are building a strong platform for growth in each of our business segments and believe the competitive position and operational capabilities of our business remain healthy for the future."
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Delta Apparel, Inc., along with its wholly-owned subsidiaries, M. J. Soffe, LLC and Junkfood Clothing Company, is an international apparel design, manufacturing, sourcing and marketing company that features a diverse portfolio of high quality branded and private label activewear apparel.
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