USA: Delta Woodside Suffers Heavy Losses
Delta Woodside Industries, Inc. (NYSE: news) reported net sales of $37.0m for the quarter ended September 29, 2001 compared to net sales of $63.2m for the quarter ended September 30, 2000. Excluding impairment and restructuring charges of $8.7m associated with closing the Furman Plant, as announced August 22, 2001, the Company's operating loss would have been $1.5m and the Company's net loss would have been $2.5m or $0.11 per common share. Including impairment and restructuring charges, the Company reported an operating loss of $10.2m and a net loss of $8.2m or $0.35 per common share. This compares to $6.3m operating profit and net income of $2.9m or $.12 per common share for the quarter ended September 30, 2000. The Company's net income for September 30, 2000 included an after tax extraordinary gain of $639,000 or $0.02 per common share.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-style gives you the widest apparel and textile market coverage.
Paid just-style members have unlimited access to all our exclusive content - including 17 years of archives.
It’s our best ever membership offer – just for you.
Leonie Barrie, editor of just-style
Help test our new apparel sourcing tool.
- US apparel sector braces for potential cost hikes
- Trade Tracker – Trump's first weeks, Brexit agenda
- Vietnam grows share of US apparel imports in 2016
- Key trade issues facing US textiles and apparel
- Does a hard Brexit mean hard times for UK fashion?
- Bangladesh "high threat" for terrorist activity
- VF Corp sees Q4 and FY earnings tumble
- Sales at US clothing retailers jumped in January
- Ralph Lauren new execs to support Way Forward Plan
- US Q4 in brief – VF Corp, Kate Spade, Rocky Brands
- When Things Go Wrong - A Practical Guide to Managing Common Problems in Apparel Sourcing
- Outdoor performance apparel 2016: A broader perspective
- Technical textile markets: product developments and innovations, December 2016
- Global market review of lingerie – forecasts to 2022
- Southeast Asia strategic sourcing review – a focus on Cambodia, Vietnam and Myanmar