Published: March 02, 2010
Delta Apparel Raises Fiscal 2010 Sales and Earnings Guidance
GREENVILLE, S.C. - (BUSINESS WIRE) - Delta Apparel, Inc. (NYSE Amex: DLA) today announced that the Company is
raising its expectations of net sales and earnings for its 2010 fiscal
year ending July 3, 2010.
For the full fiscal year 2010, the Company now expects net sales of $395
to $400 million compared to its prior guidance of net sales of $375 to
$385 million. Earnings are now expected to be in the range of $1.20 to
$1.30 per diluted share compared to the Company's prior guidance of
diluted earnings of $0.95 to $1.10 per share.
"Sales trends in each of our business units continue to be strong as we
proceed through the second half of the fiscal year," commented Robert W.
Humphreys, Chairman and Chief Executive Officer. "Gross margins are
exceeding our original target, driven by manufacturing efficiencies at
the company-owned facilities and a favorable shift in product mix. We
continue to utilize the strengths of each of our businesses to enhance
top-line growth and leverage our operating platform. We are encouraged
by our recent performance and believe we are well positioned to
capitalize on the many long-term growth opportunities that still lie
ahead for Delta Apparel, Inc."
While the Company remains concerned about the U.S. economy, it believes
it has taken into consideration the heightened risk factors associated
with the current economic climate. Significant deterioration in the
economy could, however, negatively impact the Company's ability to
achieve its expectations.
About Delta Apparel, Inc.
Delta Apparel, Inc., along with its operating subsidiaries, M. J. Soffe,
LLC, Junkfood Clothing Company, To The Game, LLC, and Art Gun, LLC, is
an international design, marketing, manufacturing, and sourcing company
that features a diverse portfolio of high quality branded and private
label activewear apparel and headwear. The Company specializes in
selling a variety of casual and athletic products through most
distribution channels for these types of goods. Its products are sold to
specialty and boutique shops, upscale and traditional department stores,
mid-tier retailers, sporting goods stores, screen printers, and private
label accounts. In addition, certain products are sold to college
bookstores and to the U.S. military. Through its newest acquisition, Art
Gun, LLC, the Company provides shoppers a "virtual art studio" to create
customized graphics on apparel products. Many of the Company's products
are available direct to consumers on its websites at www.soffe.com,
www.junkfoodclothing.com,
and www.deltaapparel.com.
The headwear products can be viewed at www.2thegame.com.
The Company's operations are located throughout the United States,
Honduras, El Salvador, and Mexico, and it employs approximately 6,600
people worldwide. Additional information about the Company is available
at www.deltaapparelinc.com.
Statements and other information in this press release that are not
reported financial results or other historical information are
forward-looking statements. These are based on our expectations and are
necessarily dependent upon assumptions, estimates and data that we
believe are reasonable and accurate but may be incorrect, incomplete or
imprecise. Forward-looking statements are also subject to a number of
business risks and uncertainties, any of which could cause actual
results to differ materially from those set forth in or implied by the
forward-looking statements. The risks and uncertainties include, among
others, the general U.S. and international economic conditions; the
ability to grow, achieve synergies and realize the expected
profitability of recent acquisitions; changes in consumer confidence,
consumer spending, and demand for apparel products; the ability of our
brands and products to meet consumer preferences within the prevailing
retail environment; the financial difficulties encountered by our
customers and higher credit risk exposure; the competitive conditions in
the apparel and textile industries; changes in environmental, tax,
trade, employment and other laws and regulations; the uncertainty of raw
material and energy prices; changes in the economic, political and
social stability of our offshore locations; the relative strength of the
United States dollar as against other currencies; and other risks
described from time to time in our reports filed with the Securities and
Exchange Commission. Accordingly, any forward-looking statements
do not purport to be predictions of future events or circumstances and
may not be realized. We do not undertake publicly to update or
revise the forward-looking statements even if it becomes clear that any
projected results will not be realized.

Delta Apparel, Inc.
Company Contact:
Deborah Merrill,
864-232-5200 x6620
Chief Financial Officer
or
Investor
Relations Contact:
Brendon Frey, 203-682-8200
Integrated
Corporate Relations
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