Elevated by higher prices and manufacturing efficiency, Delta Apparel Inc. reported a second-quarter profit, reversing a year-ago loss.
For the quarter ended Dec. 27, the Duluth, Ga.-based vendor said it recorded net income of $595,000, or 7 cents a diluted share, versus a net loss of $2.8 million, or 33 cents a share, a year ago. Stripping out special items in both periods, the company had earnings per share of 3 cents compared with a net loss of 18 cents a share in last year’s quarter.
Net sales were up 6.7 percent to $73.4 million from $68.8 million.
The company said retail sales from its Soffe and Junkfood businesses jumped 17 percent to $32.4 million from $27.7 million. The activewear segment, comprised of the Delta and FunTees businesses, reported sales of $41 million, which was consistent with last year’s revenue of $41.1 million.
Gross margins increased 610 basis points to 21.9 percent of sales versus 15.8 percent in the prior-year period. Delta said the second quarter of 2007 included $2 million of restructuring expenses, which lowered gross margin by about 290 basis points.
For the six months, the athletic and casual clothing maker had a profit of $1.3 million, or 15 cents a share, versus a net loss of $4.4 million, or 52 cents a share, which is inclusive of a 31-cent loss a share from restructuring costs, a year before. Revenue rose 16.6 percent to $164.8 million, from $141.3 million.
@kith is moving into children’s. The men’s and women’s streetwear brand has launched Kidset, a Kith kids line located in New York at 64 Bleecker Street. The line includes mini versions of staple Kith pieces like the Astor bomber jacket and the Kith box logo sweatshirts, along with a wall that can display up to 120 pairs of shoes from @adidas, @newbalance, @timberland and more. #wwdfashion
“I just wanted to create this fully rounded character, but I do think what excited me most was just the opportunity to give a group of people representation that I feel needs it. I like to do characters in projects that stand for something and Karolina definitely does, so that was really exciting to me,” @ginnygardner says of her new role in @hulu’s “The Runaways.” Gardner plays Karolina Dean, a queer superhero, which is a rarity for @marvel. Read more about Gardner’s character on WWD.com #wwdeye (📷: @dandoperalski)
@heriethpaul and @gracebol have a moment on the @victoriassecret fashion show 2017. See every look from the runway on WWD.com. Link in bio. (📷: @giovanni_giannoni_photo) #wwdfashion #victoriassecret #VSFashionShow
“Azzedine has been one of the biggest influences in my life. He has always been such a strong, loving, fatherly figure to me. I call him Papa. His designs are indescribably unique, they are pieces of art. He knew how to make the female form look its loveliest. I have so many memories of him; my favorite might be during my first show with him in Paris. He liked me and he wanted to help me get more work. He called all his friends at Kenzo and Comme des Garcons, and asked them to book me. They said, ‘But she can’t walk!’ And he said, ‘but she has such a great ass!' His friendship and support has been the great privilege of my career. I can't imagine life without him. Repose en paix mon Papa.” - @stephanieseymour tells @wwd. #wwdfashion (📷: @steveeichner) #alaia #azzedinealaia
Azzedine Alaïa, flanked by two of his closest friends, models Stephanie Seymour and Naomi Campbell.
He designed Seymour’s dress for her 1995 wedding to Peter Brant, and treated Campbell (who famously called him Papa), like a daughter. For more on the legendary designer, tap the link in bio. #wwdfashion #alaia #azzedinealaia