Delta Apparel Reports Fourth Quarter and Year-End Results
Company marks ninth consecutive year of record revenue.
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Delta Apparel Inc., the apparel supplier from Greenville, S.C., reported record revenue for the fiscal year ended June 30, 2012. This is the ninth consecutive year in which Delta Apparel's revenues have reached record levels.
Net sales for the 2012 fiscal year increased approximately 3.0 percent to $489.9 million from $475.2 million in fiscal 2011. Fiscal 2012 includes the second quarter $16.2 million inventory markdown in the basics segment, which resulted in a net loss for the year of $2.4 million or $0.29 per diluted share. This compares with net income for fiscal 2011 of $17.3 million or $1.98 per diluted share.
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