Delta Apparel: Rises on improving sales momentum

Delta Apparel

09/07/2020 18:03

** Activewear apparel, headwear and related accessory
products maker's shares  DLA.A  jump as much as 9.6% to touch a
near one-month high of $13
    ** Stock is set to snap a three-day losing streak 
    ** Co sees revenues for Q3 ended June down about 40% at $72
mln due to coronavirus-led lockdowns, but says the pace of sales
has improved through the quarter helped by its ecommerce
business  urn:newsml:reuters.com:*:nGNX6MBzCr
    ** Says April sales were at 32% of prior year levels, and
June sales have improved to track at about 90% of year-ago
levels
    ** "During the last few months we have seen orders
accelerating and coming from a broader base of sales channels,"
CEO Robert Humphreys says
    ** DLA has tumbled about 60% this year 

 (Reporting by Ankit Ajmera in Bengaluru)
 ((ankit.ajmera@thomsonreuters.com))