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Delta Apparel Inc. Reports Strong Third Quarter and Raises Guidance (AMEX: DLA)

|Includes:Delta Apparel, Inc (DLA)
John Rummo
Date: April 23, 2010 1:50 PM
Publisher: John Rummo
Categories: US Markets
Tags: DLA
Delta Apparel Inc. (NASDAQ: DLA) is trading at 17.35 up 1.44 or 9% at a volume of 38k  after announcing earnings before the market open this morning. The company’s third quarter report was strong, with a revenue increase of 26% to 107.9 million, and earnings per share growth of 143% to .34 compared to .14 from third quarter 2009. 

The Retail Ready segment of Delta Apparel which includes soffe, Junkfood, To The Game and Art Gun logged sales of $46.3 million, increasing 43%. Strong department store sales and the stockpiling of inventory for spring sales have been accredited with this increase. 
Forecasted revenues are between $395 to $500 million and earnings of $1.20 to $1.30 per share for the year. 
For More Information on DLA written by World Market Media Click Here 
DLA is featured in the World Market Media Micro Cap Index
Stocks: DLA