- 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.
China Pledges To Consolidate Tech R&D Position As US Continue To Slap Restrictions
China's President Xi Jinping sought a more robust effort to pool nationwide resources to advance critical technologies amid rising tensions with the U.S.
