Delta Apparel Reports FY13 Fourth Quarter and Year-End Results

Delta Apparel Inc. recently reported that net sales for the fiscal year ended June 29, 2013 increased to $490.5 million from $489.9 million in fiscal 2012, marking the company’s tenth consecutive year of record sales. Net income for fiscal 2013 was $9.2 million, or $1.08 per diluted share, compared with a net loss in fiscal 2012 of $2.4 million, or $0.29 loss per diluted share. The net loss in fiscal 2012 was primarily due to the previously disclosed 2012 second quarter inventory markdown in the company’s basics segment, which was necessitated by unprecedented, record-high cotton costs.

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Delta Apparel Acquires Salt Life Brand

Delta Apparel Inc. announced today that its wholly-owned subsidiary, To The Game LLC, has acquired substantially all of the assets of Salt Life Holdings LLC, including all of its domestic and international trademark rights in the Salt Life brand.

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Delta Apparel Consolidates U.S. Screen Print Operations

Delta Apparel Inc. on Wednesday announced plans to consolidate its domestic screen print operations as part of its continued focus on more efficient manufacturing and distribution strategies. The consolidation will result in the closing of the Wendell, N.C. decoration facility operated by the company’s Soffe business unit and the consolidation of those operations within Soffe’s Fayetteville, N.C. facility.

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