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Stock impact report

Delta Apparel Reports Second Quarter Fiscal 2024 Results [Yahoo! Finance]

Delta Apparel, Inc. (DLA) 
Company Research Source: Yahoo! Finance
digital print strategies, today announced financial results for its fiscal year 2024 second quarter ended March 30, 2024. For the second quarter ended March 30, 2024: Net sales were $78.9 million compared to prior year period net sales of $110.3 million. Salt Life Group segment net sales were $15.5 million compared to prior year period net sales of $18.9 million. Net sales in the Delta Group segment were $63.4 million compared to $91.3 million in the prior year period. Gross margins were 4.3% compared to 14.7% in the prior year period, driven primarily by production curtailments in the Delta Group segment. Adjusted for the cost impacts of these product curtailments ("Production Curtailment Costs"), first quarter gross margins were 14.4%. Delta Group segment gross margins were (6.3%) compared to 5.5% in the prior year period. Adjusted for the Production Curtailment Costs, Delta Group segment gross margins were 6.3%. Salt Life Group segment gross margins were 47.5% versus 59% in t Show less Read more
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