Delta Galil FY19 net sales rise 13%

Delta Galil, the global manufacturer of branded and private label apparel products for men, women and children, reported 11 per cent record sales of $504.8 million in the fourth quarter (Q4) FY19. Sales for the complete fiscal FY19 that ended on December 31, 2019 increased 13 per cent to $1,690.2 million, from $1,498.4 million in FY18, as company reported.

 

Delta Galil, the global manufacturer of branded and private label apparel products for men, women and children, reported 11 per cent record sales of $504.8 million in the fourth quarter (Q4) FY19. Sales for the complete fiscal FY19 that ended on December 31, 2019 increased 13 per cent to $1,690.2 million, from $1,498.4 million in FY18, as company reported.#

Operating profit increased 36 per cent to $52.2 million in the fourth quarter compared to $38.4 million in same quarter prior year. For the 2019 full year, operating profit increased 29 per cent to $103.7 million compared to $80.7 million in FY18.

 

Delta Galil, the global manufacturer of branded and private label apparel products for men, women and children, reported 11 per cent record sales of $504.8 million in the fourth quarter (Q4) FY19. Sales for the complete fiscal FY19 that ended on December 31, 2019 increased 13 per cent to $1,690.2 million, from $1,498.4 million in FY18, as company reported.#

Net income increased 44 per cent to $35.6 million in Q4 FY19, compared to $24.7 million in the same quarter FY18. For full FY19, net income increased 20 per cent to $57.7 million from $48.2 million in FY18.

 

Delta Galil, the global manufacturer of branded and private label apparel products for men, women and children, reported 11 per cent record sales of $504.8 million in the fourth quarter (Q4) FY19. Sales for the complete fiscal FY19 that ended on December 31, 2019 increased 13 per cent to $1,690.2 million, from $1,498.4 million in FY18, as company reported.#

Delta Galil in its initial guidance for FY20 estimates the negative impact of the corona virus on its first half of FY20. Sales for FY20 are expected to range between $1,740 million-$1,770 million, representing an increase of 3-5 per cent from FY19 actual sales of $1,690.2 million, as company reported. Net income for FY20 is expected to range between $57 million - $62 million.