Delta Apparel Inc., Greenville, S.C., recently reported that for its fiscal 2016 first quarter ended Jan. 2, 2016, net sales increased 2.5% compared to the prior year’s first quarter.
These numbers were adjusted for sales in the prior year’s quarter attributed to the company’s since-divested The Game business.
The company’s net income in the 2016 first quarter was $681,000, compared with a net loss in the prior year’s first quarter of $4.2 million.
Delta Activewear achieved 6% net sales growth, with sales of both catalog and private-label products contributing. Catalog sales increased 7% due to 4% higher volumes, coupled with a stronger mix of fashion basics carrying a higher price point, according to the company.
Private-label business experienced 5% growth in this year’s first quarter, primarily driven by new customers secured during the second half of fiscal 2015, according to the company. These customers include large international brands and trendy, fast-growth regional brands.
Fiscal 2016 first-quarter net sales for the company’s branded segment were $28.7 million, compared with $35.7 million in the prior year period, which included sales in the company’s since-divested The Game business. Soffe’s independent sporting goods channel experienced 10% growth; Salt Life sales improved 21% over the prior year’s first quarter; and Junk Food’s net sales increased slightly.
For more information, visit deltaapparelinc.com. — L.V.
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