GSA Daily Staff Report
Published Aug. 14, 2009

Delta Apparel Inc. of Greenville reported $6.5 million profit for its fiscal year ended in June, compared to a $500,000 loss the previous year.

The company said its sales increased 10.3% to a record $355.2 million and gross margin was 21.5%, up from 20.1% the previous year. Results include operations of To The Game, which Delta acquired in March.

“In fiscal year 2009 we demonstrated the effectiveness of participating in diverse apparel markets, resulting in strong financial and strategic accomplishments,” said President and CEO Robert Humphreys.

Delta’s business lines include Soffe, Junkfood, FunTees, Kudzu and other brands.

“We believe the strength of our brands, expanding license agreements, creative graphic talent, and unique manufacturing and distribution capabilities continue to separate us from our competition and are building market share,” Humphreys said. “At the same time, the acquisition of The Game and Kudzu brands, which we completed early in the fourth quarter, provides us an entrée into new markets and gives us additional platforms for growth in the future.”

For the 2010 fiscal year, Delta expects net sales in a range of $360 million to $380 million, though the company cautioned that the economy could negatively affect apparel sales.