Delta Apparel Reports Record First Quarter 2012 Results
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The first quarter of fiscal year 2012 continued the rollout of higher priced cotton in cost of sales; however, the company expects that its highest cost cotton will flow through cost of sales during its second and third fiscal quarters. Higher selling prices, coupled with improved manufacturing results and the ability to leverage general and administrative expenses, resulted in operating income of $1.6 million, or 3.0 percent of sales, compared to $0.2 million, or 0.3 percent of sales, in the prior year first quarter.
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- People:
- Robert W. Humphreys
- Places:
- Duluth, Georgia
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