Delta Apparel Reports Third Quarter and Year-to-Date Results
Earnings continue to be hindered by over-inventoried marketplace.
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For the first nine months of fiscal 2012, net sales increased approximately 5 percent to $354.6 million from $337.6 million in the comparable period of 2011. The 2012 nine-month period, which includes the Company's previously-reported second quarter $16.2 million inventory markdown in its basics segment, yielded a net loss of $7.3 million, or $0.86 per diluted share, compared with 2011 nine-month net income of $8.8 million, or $1.00 per diluted share.
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