Delta Activewear Apparel segment sales up in Q1 2008
05 Nov '07
3 min read
This is an increase of $1.8 million, or $0.15 per diluted share, from the previously disclosed amounts, primarily caused from higher manufacturing costs in the Maiden, North Carolina facility due to the relocation of cutting offshore and lower production levels from the FunTees integration.
Robert W. Humphreys, President and CEO, commented, “Our first quarter financial results were negatively impacted by our previously announced textile restructuring costs and slower than expected results at Soffe, which were driven by a weak retail environment and certain production and sourcing constraints.
Our retail partners continue to give us positive feedback on our Soffe products and our internet sales are growing steadily. The general slowdown in apparel sales is causing some retailers to delay call-outs, making us cautious until we see more sustained trends during our peak selling season this spring.
We are pleased that our Junkfood business continued to grow during the quarter and has a good order backlog going into our second quarter. We have established additional customer relationships in this business which should provide further growth opportunities in the future.”
marketing@alchempro.com
