Delta Apparel Reports Fiscal 2013 Second Quarter and Six Months Results
Delta Apparel Inc., the apparel supplier located in Greenville, S.C., has reported record revenues for its fiscal 2013 second quarter and first six months ended December 29, 2012.
Net sales for the fiscal 2013 second quarter were $106.8 million, a 1.2 percent increase over 2012 second quarter sales of $105.5 million. Net income for the 2013 second quarter was $46 thousand, or $0.01 per diluted share, compared with a loss in the 2012 second quarter of $13.6 million, or $1.61 per diluted share. As previously reported, net income for the fiscal 2012 second quarter and first half was negatively impacted by a one-time inventory markdown of $16.2 million resulting from record high cotton costs combined with selling price decreases in Delta Apparel's line of basic undecorated T-shirts.
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