Delta Apparel

Welcome to the Delta Apparel news section of the Fashion Newspaper.

Delta Apparel, Inc., along with its wholly-owned subsidiaries, M. J. Soffe, LLC, Junkfood Clothing Company and To The Game, LLC, is an international design, manufacturing, sourcing and marketing company that features a diverse portfolio of high quality branded and private label activewear apparel and headwear. The Company specializes in selling a variety of casual and athletic products through most distribution channels for these types of goods. Its products are sold to specialty and boutique shops, upscale and traditional department stores, mid-tier retailers, sporting goods stores, screen printers, and private label accounts. In addition, certain products are sold to college bookstores and to the U.S. military. Its products are also available direct to consumers on its websites at M.J. SoffeJunk Food Clothing, and Delta Apparel. The headwear products can be viewed at To The Game. The Company's operations are located throughout the United States, Honduras, El Salvador, and Mexico, and it employs approximately 6,500 people worldwide. Additional information about the Company is available at the Delta Apparel Inc. website.

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Delta Apparel, Inc. (NYSE Amex: DLA) today reported financial results for its fourth quarter and fiscal year ended July 3, 2010.

Fourth Quarter Highlights

  • Net sales increased 20.5% to $126.2 million from $104.7 in the year ago period
  • Gross margins improved 70 basis points to 23.9%
  • Net income increased 40.8% to $5.7 million versus $4.0 million in the prior year
  • Diluted EPS increased 36.2% to $0.64 versus $0.47 in the year ago period

Fiscal 2010 Highlights

  • Net sales increased 19.5% to a record $424.4 million from $355.2 million in the prior year
  • Gross margins improved 220 basis points to 23.7%
  • Net income increased 88.8% to $12.2 million versus $6.5 million in fiscal year 2009
  • Diluted EPS increased 84.2% to $1.40 compared to $0.76 last fiscal year
Delta Apparel, Inc. (NYSE Amex:DLA) has signed a letter of intent and expects to acquire substantially all of the net assets of HPM Apparel, Inc. d/b/a The Cotton Exchange by July 15, 2010.

“All of us at M. J. Soffe are looking forward to the new relationship with The Cotton Exchange”

HPM Apparel, Inc. d/b/a The Cotton Exchange designs and markets decorated casual apparel to college bookstores, the U.S. military and other retail accounts. The Cotton Exchange has a strong reputation selling USA made collegiate apparel to college bookstores under “The Cotton Exchange” brand. It also sells products under the brands of “TCX” and “Just for Us”. The Cotton Exchange was formed in 1984 and is recognized in the industry for the quality of its garments, graphic designs, and most importantly its service to customers.

Delta Apparel Announces Participation in RBC Capital Markets 2010 Consumer and Retail Conference

Delta Apparel, Inc. (NYSE Amex: DLA) announced yesterday that its management will be presenting at the RBC Capital Markets 2010 Consumer and Retail Conference on June 3, 2010 at the Ritz Carlton Battery Park in New York City, New York. Robert W. Humphreys, Chairman and CEO, will be representing the Company. A copy of the presentation will be made available through the Company's website at www.deltaapparelinc.com.

About Delta Apparel, Inc.

Delta Apparel, Inc., along with its operating subsidiaries, M. J. Soffe, LLC, Junkfood Clothing Company, To The Game, LLC, and Art Gun, LLC, is an international design, marketing, manufacturing, and sourcing company that features a diverse portfolio of high quality branded and private label activewear apparel and headwear. The Company specializes in selling a variety of casual and athletic products through most distribution channels for these types of goods. Its products are sold to specialty and boutique shops, upscale and traditional department stores, mid-tier retailers, sporting goods stores, screen printers, and private label accounts. In addition, certain products are sold to college bookstores and to the U.S. military. Through its newest acquisition, Art Gun, LLC, the Company provides shoppers a "virtual art studio" to create customized graphics on apparel products. Many of the Company's products are available direct to consumers on its websites at www.soffe.com, www.junkfoodclothing.com, and www.deltaapparel.com. The headwear products can be viewed at www.2thegame.com. The Company's operations are located throughout the United States, Honduras, El Salvador, and Mexico, and it employs approximately 6,800 people worldwide. Additional information about the Company is available at www.deltaapparelinc.com.

– Revenue Increased 24.3% to a Record $91.2 Million –

– Second Quarter Diluted EPS of $0.11 –

Delta Apparel, Inc. (NYSE Amex: DLA) recently reported sales growth of 24.3% and a $0.04 increase in diluted earnings per share for its second quarter ended December 26, 2009 compared to the prior year second quarter.

Second Quarter Results

Net sales for the three months ended December 26, 2009 were a record $91.2 million, an increase of 24.3% from the prior year second quarter. The sales expansion was driven by organic growth of 16.6% and the net sales contributed by its headwear business. Gross margins increased 200 basis points to 23.9% compared to 21.9% in the prior year second quarter. The Company continues to improve the gross margins in its activewear segment, which increased 330 basis points, through more effective merchandising strategies and lower manufacturing costs.

Net income for the quarter ended December 26, 2009 was $1.0 million, or $0.11 per diluted share. This includes a charge of $0.03 per diluted share relating to the mediated settlement of the lawsuit filed against the Company by the bankruptcy trustee for National Gas Distributors, LLC, which was settled in December 2009. The prior year second quarter earnings were $0.07 per diluted share, which included a favorable tax adjustment of $0.04 per diluted share.

Delta Apparel, Inc. (NYSE Amex: DLA) today announced that second quarter revenues increased 24% to approximately $91 million compared to $73.4 million in the prior year second quarter.

The Company expects earnings for the quarter ended December 26, 2009 to be in the range of $0.09 to $0.11 per diluted share. This range includes a charge of $0.03 per diluted share relating to the mediated settlement of the lawsuit filed against the Company by the bankruptcy trustee for National Gas Distributors, LLC which was settled in December 2009. The prior year second quarter earnings were $0.07 per diluted share, which included a favorable tax adjustment of $0.04 per diluted share.

Delta Apparel, Inc. (NYSE Amex: DLA) has signed a letter of intent and expects to acquire substantially all of the net assets of Art Gun Technologies, LLC by December 31, 2009.

Through its innovative technology or “virtual art studio”, Art Gun provides shoppers the ability to design apparel products by choosing different styles, colors and graphics to create their one-of-a-kind customized garment. Art Gun’s unique software application can be fully integrated into any company’s e-commerce platform, allowing Art Gun to manage the entire process from web design and integration to digitally printing and shipping the garment.



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