Delta Apparel Inc. announced preliminary results for its 2019 fourth quarter and full fiscal year ended September 28, 2019.
The company anticipates overall net sales for the fourth quarter of its 2019 fiscal year to be in a range of $104 to $106 million, or about a 12 percent to 14 percent increase from prior year net sales of $92.9 million. The fourth quarter growth was driven by strong organic growth across all of the company’s businesses.
For the full 2019 fiscal year, the company anticipates overall net sales to be in a range of $428 to $430 million and well above prior year net sales of $395.5 million. The annual growth was driven primarily by gains in the company’s digital print business, DTG2Go, which continues to expand through investments in print capacity, new technology and additional facilities, along with accelerating top-line performance in the Salt Life business led by product expansions and momentum with national and regional retailers.
Robert W. Humphreys, Delta Apparel, Inc.’s chairman and chief executive officer, stated, “We are pleased to close out the fiscal year with solid double-digit sales growth in the fourth quarter fueled by strong performance across both our Delta Group and Salt Life Group segments. We are also delighted to have achieved our full-year goals of 20 percent organic growth in our DTG2Go business and strong growth in our Salt Life business. Our Delta Activewear team overcame the challenges brought on by changes in product mix within its private label business and also delivered growth for the year. All of our teams have done a great job of executing on our growth initiatives and leveraging our scale and vertical platform. We are confident in the opportunities we see for continued profitable growth,” Mr. Humphreys concluded.
