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August 6, 2014
16:46 EDTDLADelta Apparel reports Q3 EPS 27c, consensus 62c
Reports Q3 revenue $123.5M, consensus $138.25M. Robert Humphreys, Delta Apparel Chairman and CEO, commented, "Many apparel retailers and small to mid-sized brands have been affected, as weak market conditions persist across most sales channels and tiers of distribution. This pervasive weakness is an unusual condition we have not seen in recent history, and there is no certainty when there will be a reversal of these trends. As such, it is imperative that we adjust the fixed cost structure within Delta Apparel to give us the ability to operate profitably in the current retail environment. Beyond that, when conditions improve, as we expect they will, we anticipate that incremental sales growth will be reflected to a much greater degree in our bottom line.
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