Delta Apparel, Inc. (DLA) Announces Positive First Quarter Results; Expects Growth to Continue
Delta Apparel, Inc. (AMEX: DLA), a marketer, manufacturer, and distributor of high quality branded and private label activewear apparel, recently announced financial results from its first fiscal quarter ended September 27, 2008. Net sales for the quarter totaled $91.4 million, a 26 percent year-over-year gain. First quarter net income climbed to $0.7 million, or $0.08 per diluted share, compared to the prior year’s first quarter net loss of $1.5 million, or $0.18 loss per diluted share. The company’s shares moved higher earlier this week after the announcement of the company’s first quarter financial results. The company started several new initiatives…