Delta Apparel prelim annual sales jump 11%
U.S. apparel maker Delta Apparel said expects net sales for fiscal 2022 to be approximately $484 million, representing an increase of 11% from the prior year, on the back of sales growth across all brand categories.
The Duluth, Georgia-based company said fiscal 2022 net sales were "broad-based" with all five go-to-market channels, Delta Direct, Brand Direct, Retail Direct, DTG2Go, and Salt Life, expected to register year-over-year growth.
Likewise, net sales for the fourth quarter ending October 1 are expected to be approximately $115 million, comparable to last fiscal year’s fourth quarter. The quarterly result was driven by continued double-digit growth in the Salt Life Group and in the DTG2Go business unit, while its activewear business contributed to a slight decline in the overall Delta Group segment sales, the company added.
“In what remained a dynamic and highly fluid macroeconomic environment throughout our fiscal year, we are extremely pleased with our performance across all five of our go-to-market channels. Our teams successfully navigated many obstacles during the year, and we expect net sales for fiscal year 2022 to represent double-digit organic growth over the prior year," said Robert Humphreys, the company’s chairman, and chief executive officer.
“We are also pleased with our fiscal 2022 fourth quarter revenue driven by continued double-digit increases in net sales in our Salt Life Group and in our DTG2Go on-demand digital print business. In addition to our DTG2Go business unit, we experienced growth in our Global Brands channel, largely offsetting a slower trend in our Delta Direct activewear channel showcasing the strength of the unique diversification of our business model within our Delta Group.
"The continued momentum in our Salt Life business further validates the brand’s growing lifestyle appeal. We are encouraged with the outstanding performance of Salt Life branded retail doors. Additionally, our direct-to-consumer e-commerce business returned to growth in our fourth fiscal quarter. The increase of sales in these channels combined with continued growth in our wholesale channel resulted in double-digit year-over-year revenue growth. With the fourth quarter opening of the Salt Life store in Jupiter, Florida, our retail store footprint now encompasses twenty-one locations, exceeding our target set at the beginning of the year to operate twenty stores by the end of fiscal year 2022," concluded Humphreys.
Founded in 1999, Delta Apparel is the owner of DTG2Go, LLC, Salt Life, LLC, and M.J. Soffe subsidiaries which operate the company's primary brands of Salt Life, Soffe, and Delta.
It also a direct-to-garment digital print and fulfillment company and sells casual and athletic products through a variety of distribution channels, including outdoor and sporting goods retailers, independent and specialty stores, department stores and mid-tier retailers, mass merchants and e-retailers, the U.S. military, and through its business-to-business e-commerce sites.
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