Salt Life 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 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

Salt Life announces new store openings

Ocean lifestyle brand Salt Life has announced new planned store openings. The brand will open five new storefronts in Florida, South Carolina, and Alabama. The coastal communities in each of those states provide a strong demand for oceanwear, and the brand hopes to expand “the brand’s reach to a broader set of consumers who embrace the ocean...

BusinessFeatured

Delta Apparel posts strong increase in Q4 net sales and profit

Delta Apparel, Inc., for its fourth quarter and full year ended September 28, 2019 reported net sales of 108 million dollars, up 16.2 percent and 431.7 million dollars, up 9.2 percent, respectively. Fourth quarter net sales in the Delta Group segment increased 9.3 percent over the prior year and net sales in the Salt Life Group segment increased...