Third-quarter earnings have jumped at activewear maker Delta Apparel thanks to a rise in sales that it attributes to growing strength in digital print and expansion at its Salt Life business.
Delta Apparel said net income increased from US$4.6m to $4.9m for the third quarter to 29 June, while operating income grew to $8.4m from $6.7m the prior year and sales were up 6.3% to $119.3m year-on-year.
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Earlier this month the direct-to-garment printing business of Delta Apparel announced it was opening two new digital print facilities in the US, on the back of the “substantial growth” it is anticipating in 2020.
“Our team delivered a strong quarter with accelerated sales growth and profitability, and we are pleased with the performance across both our Delta Group and Salt Life Group segments,” says Robert Humphreys, chairman and CEO. “Our DTG2Go digital print business continues to grow rapidly and our investments in that area are allowing us to capitalise on the disruption digital print technology is driving on graphic tees. Our Salt Life business also executed a great quarter, with strong performance across all of its major sales channels. We continue to be encouraged by the apparel growth we are seeing with regional and national retailers across multiple geographies.
“The successes we are seeing across our business validate our focus on expanding our go-to-market strategies and sales channels as well as investing in manufacturing technology and distribution speed. We look forward to closing our fiscal year with more positive momentum.”
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