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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.
News For DLA From The Last 14 Days
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February 9, 2016
08:51 EDTDLADelta Apparel had strong results, shares look undervalued, says Roth Capital
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February 8, 2016
16:29 EDTDLADelta Apparel says Q1 overall gross margins expanded 450 bps y/y
16:28 EDTDLADelta Apparel sees $2M per year in savings from expansion of manufacturing
We remain focused on initiatives that should improve our profitability and provide avenues of further growth. The expansion of our manufacturing operations in Honduras with open-width finishing is well underway. All of the equipment is installed and we should begin production later this month. We expect this initiative to yield annual savings of $2 million, with approximately one quarter of this included in our fiscal year 2016 results. Our continuing cost controls in both manufacturing and administrative functions should add further strength to our bottom line. Overall, we believe that the positive trends underlying our strong first quarter will continue, giving us a sense of prudent optimism about the remainder of the year," CEO Humphreys said.
16:26 EDTDLADelta Apparel reports Q1 EPS 9c, may not compare to one estimate (27c)
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