Delta Apparel, Inc. (DLA): history, ownership, mission, how it works & makes money

A Brief History of Delta Apparel, Inc. (DLA)

Founding and Early Years

Delta Apparel, Inc. was established in 1999 and is headquartered in Duluth, Georgia. The company focuses on the production of activewear and lifestyle apparel, primarily for the screen printing and embroidery markets. Delta Apparel operates through several brands, including Delta Activewear and Soffe, which cater to various consumer demographics.

Key Developments

• In 2000, Delta Apparel completed its initial public offering (IPO), raising approximately $16.7 million.
• In 2004, the company acquired Soffe, a brand known for its athletic and military-inspired apparel.
• In 2007, Delta Apparel expanded its operations by acquiring the assets of the M.J. Soffe Company, further solidifying its position in the athletic apparel market.

Financial Growth

Delta Apparel reported a revenue of approximately $350 million for the fiscal year 2022. Over the past five years, the company has seen a compound annual growth rate (CAGR) of roughly 6.5% in revenue.

Market Presence

As of 2023, Delta Apparel employs more than 3,000 people across its production and distribution facilities in the United States, Honduras, and other locations. The company benefits from a robust supply chain that enables it to efficiently serve a variety of customers, from large retailers to small custom print shops.

Financial Performance Overview

Recent Initiatives

In 2022, Delta Apparel announced a significant investment in sustainability, aiming to reduce waste and enhance the recyclability of its products. The initiative targets a 25% reduction in greenhouse gas emissions by 2025.

Stock Performance

As of October 2023, Delta Apparel's stock price is approximately $12.50 per share, reflecting a market capitalization of around $250 million. The stock has shown fluctuation, with a 52-week range of $10.00 to $15.00.

Conclusion of Historical Insights

Delta Apparel continues to innovate and expand its market reach, maintaining a commitment to quality and sustainability in the apparel industry. The company’s financial health and strategic acquisitions have positioned it well for future growth.

A Who Owns Delta Apparel, Inc. (DLA)

Major Shareholders

Delta Apparel, Inc. (DLA) is largely owned by a combination of institutional investors and individual shareholders. As of the latest available data, the following entities are the major shareholders:

Insider Ownership

Insider ownership plays a significant role in the overall ownership structure of Delta Apparel. The following data outlines the insider ownership:

Institutional Investment Trends

Institutional investment in Delta Apparel has seen fluctuations over recent quarters. The following data reflects the latest trends:

Market Capitalization

The market capitalization of Delta Apparel, Inc. as of the end of Q3 2023 was approximately $150 million.

Recent Stock Performance

Stock performance can significantly impact ownership dynamics. Here are the key stock price figures:

Company Financial Overview

The financial data for Delta Apparel is a key aspect of understanding ownership.

Conclusion on Ownership Patterns

Understanding the ownership structure of Delta Apparel, Inc. provides insights into its governance and strategic direction.

Delta Apparel, Inc. (DLA) Mission Statement

Company Overview

Delta Apparel, Inc. is a leading provider of decorated activewear and lifestyle apparel, catering to diverse market segments. Established in 1999, the company operates primarily in the United States and has expanded its reach globally.

Core Values

• Quality: Commitment to high-quality products.
• Innovation: Emphasis on creativity in design and production.
• Sustainability: Focus on environmentally responsible practices.
• Customer Satisfaction: Priority on meeting customer needs and expectations.

Financial Performance

The financial health of Delta Apparel, Inc. is reflected in its recent performance metrics. As of the latest fiscal year, the following key statistics were reported:

Market Position

Delta Apparel, Inc. has established itself as a prominent player in the apparel industry, competing with both national and international brands. As of 2023, the company held approximately 5% market share in the U.S. activewear segment.

Strategic Goals

• Expand international market presence.
• Increase product line diversity.
• Enhance digital marketing efforts.
• Improve operational efficiency.

Sustainability Initiatives

Delta Apparel, Inc. is dedicated to sustainable practices, featuring initiatives such as:

• Water Reduction: Aimed at reducing water usage by 20% over the next five years.
• Recycled Materials: Committed to using at least 25% recycled materials in products by 2025.
• Carbon Footprint: Targeting a 30% reduction in carbon emissions by 2030.

Customer Engagement

To enhance its market position, the company engages with its customers through:

• Social media platforms with over 250,000 followers.
• Customizable product offerings to meet specific customer preferences.
• Frequent promotions and loyalty programs designed to reward repeat customers.

Conclusion

The mission statement of Delta Apparel, Inc. encapsulates its commitment to quality, innovation, and sustainability, striving to excel in the dynamic apparel industry.

How Delta Apparel, Inc. (DLA) Works

Overview of Delta Apparel, Inc.

Delta Apparel, Inc. is a leading provider of activewear and lifestyle apparel. The company operates in two primary segments: Delta Group and Soffe. As of fiscal year 2023, Delta Apparel had revenues of approximately $505 million.

Business Segments

• Delta Group: Primarily focuses on the production of basic and branded apparel.
• Soffe: Specializes in activewear, particularly for the athletic and military sectors.

Revenue Distribution

The revenue distribution across different product lines for fiscal year 2023 is as follows:

Manufacturing and Supply Chain

Delta Apparel operates several manufacturing facilities located in:

• Honduras
• Mexico
• Dominican Republic

In 2023, the company sourced 85% of its products from these facilities, ensuring a steady supply chain and efficient production rates.

Financial Highlights

As of the end of fiscal year 2023, the following financial metrics were reported:

Market Presence

Delta Apparel has established a strong presence in various retail channels:

• Online Retail: Accounts for 30% of total sales.
• Wholesale Distribution: Contributes 50% of total sales.
• Direct-to-Consumer Sales: Makes up 20% of overall revenue.

Key Partnerships

In 2023, Delta Apparel entered partnerships with several notable brands, including:

• Under Armour
• HanesBrands Inc.
• American Apparel

Future Growth Strategies

The strategic focus for Delta Apparel includes:

• Expanding online sales capabilities.
• Investing in sustainable manufacturing practices.
• Enhancing brand partnerships for greater market reach.

Recent Developments

In Q3 2023, Delta Apparel launched a new eco-friendly clothing line, aimed at capturing the growing market segment focused on sustainability.

How Delta Apparel, Inc. (DLA) Makes Money

Revenue Streams

Delta Apparel, Inc. generates revenue from multiple streams, primarily focusing on the following:

• Wholesale businesses
• Retail sales
• Licensing agreements

Wholesale Businesses

The wholesale segment represents a significant portion of Delta Apparel's revenue. In fiscal year 2022, the company reported $244.1 million in wholesale revenue.

Retail Sales

Retail sales contribute to Delta's bottom line through both brick-and-mortar and online channels. As of the end of fiscal year 2022, retail sales accounted for approximately $62.8 million of total revenue.

Licensing Agreements

Revenue derived from licensing agreements provides Delta Apparel with additional income streams. In fiscal year 2022, this segment generated $7.3 million.

Cost of Goods Sold (COGS)

The Cost of Goods Sold is crucial in understanding Delta Apparel's profitability. In fiscal year 2022, COGS was reported at $213.5 million, leading to a gross profit of $100.7 million.

Operating Expenses

Delta Apparel's operating expenses include selling, general and administrative expenses (SG&A). For the fiscal year 2022, these expenses totaled $74.5 million.

Net Income

Delta Apparel reported a net income of $18.6 million in fiscal year 2022, reflecting a strong performance amidst challenges in the garment industry.

Market Segmentation

Delta Apparel's market segmentation allows it to reach various demographics:

• Activewear
• Casualwear
• Comfortwear

Financial Overview

Distribution Channels

Delta Apparel employs various distribution channels to optimize sales:

• Direct-to-consumer (DTC)
• Wholesale accounts
• Online retailers

International Presence

Delta Apparel has expanded its market internationally, with exports contributing to an estimated 10% of total revenue.

Future Growth Strategies

• Expansion of product lines
• Increased online sales initiatives
• Enhancements in supply chain efficiency

Investment in Technology

Investments in technology and automation are projected to reduce costs by 5-10% over the next fiscal year.