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Delta Apparel Forecasts 6% Sales Growth In Q3

Delta Apparel Inc (NYSE:DLA) expects a 6% year-on-year increase in third-quarter FY22 sales to $126 million, missing the consensus of $131.7…
byShivani Kumaresan
July 12, 2022
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  • Delta Apparel Inc (NYSE:DLA) expects a 6% year-on-year increase in third-quarter FY22 sales to $126 million, missing the consensus of $131.7 million.
  • It equates to mid-single-digit growth compared to the pre-pandemic fiscal 2019 Q3 net sales. 
  • The company recorded net sales increase of 21% in its Q2.
  • The June quarter top-line growth was led by the Salt Life Group segment’s net sales growth of over 25% and persistent growth in the Delta Group segment.
  • The company will report Q3 financial earnings on August 4, 2022.
  • Price Action: DLA shares are trading lower by 2.13% at $26.94 on the last check Tuesday.
 
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EXCLUSIVE: Wharton Professor Jeremy Siegel Says There’s Only One Indicator Left Standing Between The Federal Reserve And A Pause

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Wharton Professor of Finance Jeremy Siegel has been beating the drum on inflation in recent months, urging the Federal Reserve to cast aside lagging indicators. Now that consumer prices are coming down, he says there's only one indicator left standing between the Fed and a pause. 

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