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.
Supermodel @helenachristensen teamed up with longtime friend and designer @camillastaerk on a joint @paredeyewear collaboration. The lineup features three styles and 11 offerings, all of which embody a vintage feel. Get all the details on how they celebrated the collab on WWD.com. #wwdaccessories #wwdeye (📷: @slovekinpics)
“It’s a hard industry to keep motivated, as well, so finding different subjects and people is what makes it worth it – when you’re like, oh, I’ve met great people, I feel like I’ve done something good, and I feel proud of having done this,” said French actress Stacy Martin on being grateful for the variety of roles she’s take on. Read @ktauer’s full interview with Martin on her her latest film “Godard Mon Amour.” #wwdeye (📷: @danieldorsa)
After showing in front of the Eiffel Tower for his last two women’s ready-to-wear collection, it looks like @anthonyvaccarello may be heading to the Big Apple. Sources say the designer will stage his next @ysl show in NYC on June 6. Get all the details on WWD.com. #wwdnews #wwdfashion (📷: @aitorrosasphoto)
EXCLUSIVE: Two and half months after John Targon, cofounder and codesigner of Baja East, was hired as creative director of the contemporary division at Marc Jacobs, he has left the company, WWD has learned. Marc Jacobs International, which is owned by LVMH Moët Hennessy Louis Vuitton, confirmed Targon’s departure in a statement: “John Targon is a talented designer and we appreciate the work he has done here. Ultimately working together did not make sense for the brand and we wish him the best.” Read the story by @jessiredale, link in bio. #wwdnews
@theluxurycollection is officially launching a collection, tapping Sofia Sanchez de Betak for the capsule. Over 30 styles will be featured in the Chufy x The Luxury Collection, debuting next month at Bergdorf Goodman, The Webster, FiveStory and more. De Betak, known as “@chufy,” drew inspiration for the collection from her trips to Japan in the past year #wwdfashion
@lhd, founder and CEO of @thewebster, has teamed up with @lebonmarcherivegauche for the European launch of her ready-to-wear line, LHD. The launch will come with an exclusive pop-up opening today that’s set to run through May 20. Located on the second floor, it carries her debut Miami-themed resort collection, launched in November as see-now-buy-now. #wwdfashion