US: Delta Apparel expecting FY earnings rise
US clothing firm Delta Apparel says its revenues increased 19% to $424m during fiscal 2009, driven by organic sales growth.
The company expects full year earnings to be in the range of $1.37 to $1.39 per diluted share, compared to $0.76 per diluted share in the prior year.
It plans to report fiscal 2010 full year results on Thursday (19 August).
Robert W Humphreys, chairman and CEO, said: “Our fourth quarter performance was better than anticipated and represents a strong finish to another solid year of growth for Delta Apparel."
For the 2011 fiscal year ending 2 July 2011, the company expects net sales to be in the range of $455 to $465 and earnings to be in the range of $1.55 to $1.70 per diluted share.
Delta recently completed the acquisition of HPM Apparel, The Cotton Exchange, which designs and markets apparel to college bookstores, the US military and other retail accounts.
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