Delta Apparel Stock Gains As Preliminary Q3 Sales, EPS Top Consensus

Delta Apparel Stock Gains As Preliminary Q3 Sales, EPS Top Consensus
  • Delta Apparel Inc DLA reported preliminary third quarter FY21 net sales growth of 65% year-on-year to $118 million, against the consensus of $108 million.
  • The stronger than anticipated sales performance reflected strong Salt Life Group revenue across all sales channels.
  • The company expects EPS of $0.90 for the quarter, versus analyst consensus of $0.62.
  • "Our June quarter performance is a true testament to the power of our diversified business model,” said CEO Robert W. Humphreys.
  • Price action: DLA shares are trading higher by 9.45% at $33.00 on the last check Thursday.

Posted In: BriefsEarningsNews