Delta Apparel Reports Fourth Quarter and Year-End Results
Company marks ninth consecutive year of record revenue.
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Gains in net sales for the year, which occurred in both of Delta Apparel's business segments, were driven primarily by record revenues in The Game, Junkfood, FunTees and Art Gun businesses. This was somewhat offset by Delta's catalog business, which continued to feel the effects of cotton price volatility and customer destocking. While net income continued to recover in the 2012 fourth quarter, it wasn't enough to offset the affects of Delta Apparel's second quarter inventory markdown which was necessitated by unprecedented increases in cotton prices.
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