Delta Apparel news and archive

Delta Apparel files for bankruptcy, to sell Salt Life brand

On June 30, 2024, Delta Apparel filed for chapter 11 bankruptcy in the Delaware court. Before the bankruptcy filing, Delta Apparel agreed to sell the Salt Life brand under its portfolio to Forager Capital Management LLC for around 28 million dollars in cash. The company said in a sec filing that it will continue to operate their businesses as a...

Business

Delta Apparel Q2 loss widens

Second quarter net sales at Delta Apparel decreased to 78.9 million dollars. Salt Life Group segment net sales declined to 15.5 million dollars compared to the prior year period, while net sales in the Delta Group segment declined to 63.4 million dollars. Gross margins for the quarter were 4.3 percent compared to 14.7 percent in the prior year...

Business

Delta Apparel Q1 sales decline to 79.9 million dollars

Delta Apparel’s first quarter net sales were 79.9 million dollars compared to prior year period net sales of 107.3 million dollars. While the Salt Life Group segment net sales were 10.3 million dollars, up slightly compared to the prior year period, net sales in the Delta Group segment declined to 69.6 million dollars. Commenting on the results,...

Business

Delta Apparel posts Q4 loss, net sales decline

Fourth quarter Delta Apparel net sales declined to 91.4 million dollars with Salt Life Group segment net sales decreasing to 12.5 million dollars and the Delta Group segment net sales to 78.9 million dollars. Net sales for the full year decreased to 415.4 million dollars with Salt Life Group segment net sales declining to 59 million dollars and...

Business

Delta Apparel receives ‘unsolicited offer’ for Salt Life

Delta Apparel has said that it has received an “unsolicited offer” to purchase its fishing apparel business Salt Life, leading its board of directors to initiate a strategic review for the brand. The lifestyle apparel group noted that it had appointed Baird as its financial adviser to oversee the process, adding that it could currently not...

Business

Delta Apparel swings to Q3 loss

Delta Apparel has swung to a loss in the third quarter as its sales fell 16.2 percent. The US lifestyle and activewear company made a net loss of 6.3 million dollars in the three months ended July 1 compared to a profit of 6.2 million dollars in the prior year period. That came as net sales fell to 106.3 million dollars from 126.9 million...

Business

Delta Apparel swings to Q2 loss

US lifestyle and activewear company Delta Apparel swung to a loss in the second quarter as its sales fell 16.2 percent. The company made a net loss of 7 million dollars in the three months to April 1 from a profit of 10.1 million dollars a year earlier. That came as its Q2 sales fell to 110.3 million dollars from 131.7 million dollars, with a 16...

Business

Delta Apparel expects Q1 sales of 106 million dollars

Delta Apparel announced its preliminary first quarter results Thursday, saying it expects to report sales of 106 million dollars for the period to December 31. The US company said sales in its Salt Life Group segment were up 17 percent, with double-digit growth across its direct-to-consumer, retail, and e-ecommerce channels, as well as continued...

Business

Justin Grow rejoins Delta Apparel as chief administrative officer

Delta Apparel, Inc. has announced that Justin Grow has rejoined as executive vice president & chief administrative officer. Grow will work closely with the company’s chief executive officer, Bob Humphreys, and board of directors on strategic and corporate development initiatives; oversee the company’s legal, compliance, human resources, and...

Business

Delta Apparel appoints new vice president of finance

Delta Apparel has announced the appointment of Jason Bates as vice president of finance for its Delta Group business segment. Bates joins the activewear apparel manufacturer following 20 years of accounting and financial leadership experience, with him most recently serving as director of business planning and analysis, commercial finance at...

Business

Delta Apparel Q3 sales up 7 percent, but profits narrow

US lifestyle and activewear company Delta Apparel has reported a 7 percent increase in sales in the third quarter of the year. In the three months to July 2, net sales came in at 126.9 million dollars, up from 118.7 million dollars a year earlier. Sales at the company’s Delta Group segment rose 3 percent to 106 million dollars, while sales in...

Business

Delta Apparel reports record Q2 sales as profits widen

US lifestyle and activewear company Delta Apparel has reported record sales and widening profits in the second quarter of the year despite supply chain challenges. For the three months to April 2, net sales increased by 21 percent year-over-year to 131.7 million dollars, with sales in its Delta Group segment up 22 percent to 115.3 million...