×
2 501
Fashion Jobs
PRETTYLITTLETHING
Senior Affiliate Marketing Executive
Permanent · MANCHESTER
BOOHOO
Ecommerce Trading Executive
Permanent · MANCHESTER
ESTEE LAUDER
Clinique - Consultant - Brown Thomas, Dublin - 15 Hours - Part-Time, Permanent
Permanent · Dublin
SHISEIDO
Nars Account Manager - Harvey Nichols London (37.5 Hours)
Permanent · London
ESTEE LAUDER
Clinique - Consultant - m&s Newcastle - 15 Hours - Part Time, Permanent
Permanent · Newcastle upon Tyne
ESTEE LAUDER
jo Malone London - Marketing And Consumer Engagement Director
Permanent · London
AESOP
Retail Consultant | Part-Time, Permanent | Aesop Selfridges Exchange Square, Manchester
Permanent · Central
BOOHOO
Print Sales Account Manager
Permanent · MANCHESTER
VF INTERNATIONAL
dc Team Leader
Permanent · COALVILLE
ESTEE LAUDER
Mac Cosmetics - Business Manager - Mac Stratford2, London - 37.5 Hours / Week - Full Time, Permanent
Permanent · London
HARRODS
Brand Manager
Permanent · LAKESIDE
HARRODS
Uniformed Security Officer
Permanent · LONDON
VF INTERNATIONAL
Senior Distribution Systems Specialist
Permanent · COALVILLE
ESTEE LAUDER
Bobbi Brown, la Mer And Darphin - CRM & Insights Assistant
Permanent · London
HARRODS
Food Supply Manager
Permanent · LONDON
JOHN LEWIS
Loss Prevention Partner
Permanent · CAMBRIDGE
HEAD OFFICE
Cyber Security Lead – Incident Response
Permanent · BRACKNELL
HEAD OFFICE
Delivery & Operations Manager
Permanent · BRACKNELL
BOOHOO GROUP
Product Manager
Permanent · MANCHESTER
DEBENHAMS
CRM Executive
Permanent · LONDON
PRETTYLITTLETHING
Business Analyst
Permanent · MANCHESTER
PRETTYLITTLETHING
Buying Admin Assistant
Permanent · MANCHESTER
Ads
Published
May 17, 2022
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Delta Galil Q1 profits, revenues surge

Published
May 17, 2022

Israel's Delta Galil announced on Monday revenues for the first quarter lifted 16%, another quarterly sales record for the company, which also posted a 26% uptick in net profits for the three months ending March 31.


Delta Galil said net income for the first quarter surged 26% to $18.9 million, compared to $15.1 million in the prior-year quarter - Delta Galil


The Caesarea-based company ​reported sales of $483.9 million in the first quarter of 2022, a 16% increase from $416.1 million in the first quarter of 2021. By channel, owned e-commerce website sales declined 22% to $54.9 million, after a dip in web traffic as customers shifted back to stores, the company explained.

A global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, Delta Galil said net income for the first quarter surged 26% to $18.9 million, compared to $15.1 million in the prior-year quarter.

"We are pleased with our strong first quarter results, which marked five consecutive quarters of record quarter revenue and seven consecutive quarters of record quarter operating margins," ​said Isaac Dabah, CEO of Delta Galil.

"We delivered record quarterly EBIT and net income, driven by higher sales across all geographic regions, successful execution of our innovation-driven growth strategy, and benefits from operating leverage. We maintained strong gross margins despite rising freight and production costs."

As a result, full year 2022 sales are expected to range between $2.082 billion and $2.135 billion, representing an increase of 7% to 9% compared to 2021 sales of $1.951 billion. Likewise, net income is expected to sit between $138 million and $145 million, representing an increase of 11% to 17%.

"Looking ahead, our profitable growth trajectory, strong balance sheet and global workforce position us to meet our customers’ growing demands, while effectively managing our cost structure," added Dabah.

Founded in 1975, Delta Galil currently holds manufacturing partnerships for apparel, intimates and underwear with 7 For All Mankind, Adidas, Wolford, Wilson, Spalding, Columbia and Tommy Hilfiger, among others.

Most recently, the company partnered with Adidas on full-range of underwear collections for Adidas Originals and Badge of Sport. The underwear is said to be about “comfort at the core” with lots of materials tech included.

Copyright © 2022 FashionNetwork.com All rights reserved.