US’ Delta Apparel posts net sales of $78.9 mn in Q2 FY24

Delta Apparel reported a drop in net sales for Q2 FY24, falling to $78.9 million from $110.3 million in the previous year.
The company’s gross margin drastically declined to 4.3 per cent.
Operating loss widened to $24.4 million, with a net loss escalating to $36.3 million or $5.15 per share.
Inventory levels saw a year-over-year decrease of 35 per cent.

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