Delta Apparel, Inc. (DLA) CEO Bob Humphreys on Q3 2022 Results - Earnings Call Transcript

Delta Apparel, Inc. (DLA) Q3 2022 Earnings Conference Call August 4, 2022 4:30 PM ET

Company Participants

Bob Humphreys - Chairman & Chief Executive Officer
Simone Walsh - Vice President, Chief Financial Officer & Treasurer

Conference Call Participants

Dana Telsey - Telsey Advisory
James Wilen - Wilen Investment Management

Operator

Good day and welcome to the Delta Apparel Reports Fiscal 2022 Third Quarter Results Conference Call. [Operator Instructions] Please note this event is being recorded.

I would now like to turn the conference over to Bob Humphreys. Please go ahead.

Bob Humphreys

Good afternoon and thank you for your interest in Delta Apparel. We are pleased to be with you today to discuss our third quarter results.

I would like to give special thanks to our over 9,100 employees throughout Mexico, Honduras, El Salvador and the United States who continue to work hard to service our customers in the many operations that we have. As reported in our earnings release, sales for our third quarter ended July 2, 2022, were $126.9 million, up 7% from the prior year June quarter. Our third quarter results reflect continued broad-based demand for our products with the Delta Group segment delivering 3% growth over the prior year and the Salt Life segment registered 30% growth year-over-year.

In our Delta Group segment, we continue to benefit from our broad channels of distribution and saw increased demand for both global brands and on-demand digital print moderated by a decline in our Delta Direct business. Global Brands continues to expand revenue and unit growth while we provide a high service level to our customers with our expanded array of value-added services. Over time, we will migrate to more production to meet the demand we are seeing in this channel of business. Our value proposition, with multiple channels of distribution in our vertically integrated