Delta Apparel Reports Fiscal 2013 First Quarter Results
Branded Segment Review
Branded segment sales for the fiscal 2013 first quarter were $63.5 million, versus $70.9 million for the comparable 2012 quarter. The shortfall primarily resulted from lower net sales in the Soffe, Junkfood and The Game businesses, which were only slightly offset by sales growth at Art Gun. Soffe’s revenue was down due to weak department store business with low replenishment orders, but Soffe did experience solid growth in the military and sporting goods channels. The decline in Junkfood sales was primarily driven by product mix changes and early shipping of fall merchandise. However, that business did see growth in its core Junk Food brand within the boutique, specialty chain and high-end department store channels and maintained strong margins during the quarter. Slower sales in collegiate products lead to The Game's revenue decline for the quarter, but solid growth in its Salt Life and motorsports lines is anticipated for the remainder of the year. Art Gun followed its strong showing over the past several quarters with a net sales increase of nearly 230 percent over last year’s first quarter.
- Companies:
- Delta Apparel
- Hazel Promotional Products
- People:
- Robert W. Humphreys