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Delta Apparel (DLA) Raises Fiscal 2010 Sales and Earnings Guidance

Delta Apparel Inc., along with its operating subsidiaries – MJ Soffe LLC, To The Game LLC, Art Gun LLC and Junkfood Clothing Company, is an international design, marketing, manufacturing and sourcing company. The company features a diverse portfolio of high quality branded and private-label activewear apparel and headwear.

The company sells a variety of casual wear and athletic products through department stores, mid-tier retailers, sporting goods stores, specialty and boutique shops as well as the internet. The company’s operations are located throughout the United States, Mexico, Honduras and El Salvador. It employs about 6,000 people worldwide.

Delta Apparel announced yesterday that it is raising its expectations of net sales and earnings for its fiscal 2010 year ending July 3, 2010. For the full fiscal year 2010, Delta Apparel now expects net sales of about $400 million compared to its prior guidance of $375-$385 million. Earnings are now expected to be in the range of $1.20 to $1.30 per diluted share compared to the company’s prior guidance of $0.95 to $1.10 per share. The company believes that only a significant deterioration of the US economy would affect these numbers adversely.

Chairman and CEO of Delta Apparel Robert W. Humphreys commented, “Sales trends in each of our business units continue to be strong as we proceed through the second half of the fiscal year. Gross margins are exceeding our original target…we continue to utilize the strengths of each of our businesses to enhance top-line growth.”

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