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Stock impact report

US quarterly financial digest: Crocs, Wolverine Worldwide, Delta Apparel [Yahoo! Finance]

Delta Apparel, Inc. (DLA) 
Company Research Source: Yahoo! Finance
Delta Apparel struggled with a product curtailment which saw its Q2 losses widen. Crocs Inc Q1 profit dips on HEYDUDE challenges First quarter revenues increased to $938.6m from $884.2m a year earlier. Operating income fell to 226.4m from $234.9m a year earlier on the back of increased cost of goods and higher expenses in the comparative period. Net income increased to $152.5m from $149.5m. "We delivered an exceptional first quarter, led by mid-teens growth of our Crocs Brand, driven by robust consumer demand both in North America and in international markets," said CEO Andrew Rees. "Our record revenue, industry-leading gross margins and the power of our diversified business enabled us to raise our full-year adjusted diluted earnings per share outlook." Rees continued: "As we continue to prioritise brand health in the North American market for HEYDUDE, and considering what we are seeing quarter-to-date, we are reducing our revenue expectations for the brand for the balance of Show less Read more
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