Delta Apparel Reports Record First Quarter 2012 Results
Branded segment sales for the first quarter were $70.9 million, a 21.5 percent increase from the prior year first quarter sales of $58.4 million. Gross margin improvement, along with better leveraged selling, general and administrative costs, drove an increase in operating income to $5.1 million, or 7.2 percent of sales, compared to $2.8 million, or 4.8 percent of sales, in the prior year quarter. The basics segment had sales of $52.6 million for the quarter ended Oct. 1, 2011, an increase of 6.2 percent compared to the prior year first quarter, driven by sales growth in both catalog products and private label programs. The revenue growth resulted from a 17.3 percent increase in average selling prices partially offset by a 9.5 percent decrease in unit sales.
- People:
- Robert W. Humphreys
- Places:
- Duluth, Georgia