- Prachi Singh |
Delta Apparel, in its preliminary results announcement for its 2018 fiscal first quarter ended December 30, 2017 said that the company expects overall net sales to be in the range of 88 to 90 million dollars, a 3-5 percent increase from the 85.3 million dollars in revenue in the prior year quarter, and 16-18 percent sales growth after adjusting for the 9.4 million dollars in revenue in the prior year quarter from the since-divested Junkfood Clothing business.
“We are extremely pleased with our strong start to fiscal year 2018,” said Robert W. Humphreys, Delta Apparel, Inc.’s Chairman and Chief Executive Officer in a media release, adding, “Our double-digit revenue growth and expected profitability in our seasonally slowest quarter reflects solid execution within each of our businesses and builds upon our strong finish to fiscal year 2017.”
The company added that each business unit achieved double-digit sales growth over the prior year. Driven by the strong sales performance, the company expects to show pre-tax profitability in the fiscal 2018 first quarter, which is typically its most challenging quarter, compared to a net loss of 0.08 dollar per diluted share in the prior year period.