Delta Galil’s sales surge 31% in Q4 | Retail News Israel
Home » News » Retailers News » Delta Galils Sales Surge 31 In Q4

Delta Galil’s sales surge 31% in Q4

Share: 
      Newsletter

READ MORE ON Delta GalilFinancial ResultsRetailer News Israel

Delta Galil

Image Courtesy: usailighting.com

Delta Galil Industries Ltd., a global manufacturer and marketer of branded and private label apparel products, leisurewear and activewear, has reported its financial results for the fourth quarter ended December 31, 2016. The company noted a rise of 31 per cent in sales to US $ 376.3 million as against US $ 287.1 million in the corresponding period last year.

In the reporting period, operating profit increased 80 per cent to US $ 32.3 million compared to US $ 17.9 million in the comparable period prior year. Net income in the quarter totalled US $ 18.5 million, up by 51 per cent from last year’s US $ 12.3 million.

In the full-year period 2016, sales amounted to US $ 1,179.2 million, witnessing a rise of 9 per cent from previous year’s sales of US $ 1,080 million. Operating profit in this period stood at US $ 85.3 million, up by 23 per cent. Continuing on the same path, net income of the company increased 16 per cent to US $ 18.5 million as against US $ 16 million in the comparable period prior year.

Also ReadAhlstorm unveils financial results for first nine months of 2016

Isaac Dabah, CEO of Delta Galil stated, “We are very pleased with our results for 2016, which concluded with a particularly strong fourth quarter and reflected all-time high sales, operating profit and cash flow. Throughout the year, we remained focused on a number of operational and growth initiatives that improved our business segments and helped make us a more efficient company. We’ve upgraded our digital platform and increased our ecommerce market share by selling to wholesale customers such as Amazon, Zalando, and Otto.”

 

Have some news? Let us know on news@apparelresources.com

Recommended by Apparel Resources

NIKE bags first denim patent

American sportswear giant NIKE gas bagged patent for its athletic denim. The intellectual property wing of the retailer entered this new category. The...

Online fashion retail to touch US $ 30 billion by 2020: Report

India’s consumer spending is now heavily influenced by ‘mobile’ where fashion retail/shopping is emerging out as a key segment thriving in the digital era, as...

Jimmy Choo is up for sale!

British fashion luxury brand, dealing mainly in footwear and accessories – Jimmy Choo has decided to seek offers following a new review of...

Victoria’s Secret emerges favourite among millennials

Victoria’s Secret, an American designer, manufacturer and marketer of women’s premium lingerie, womenswear and beauty products, has emerged as a favourite brand among...

Future Group announces demerger of home retail business

India-based Future Group has announced demerger of its home retail and e-commerce home retail businesses into a single entity. The newly formed entity...

Apparel retailer Bebe to shut all its stores

Barely a month after announcing its plans to explore strategic alternative options to boost the brand’s presence and sales by cutting down on...

H&M revives its India strategy, plans to open a store every month

In view of rising competition from global rivals like Zara and GAP in India, Swedish fashion retailer Hennes & Mauritz (H&M) is moving...

Walmart to organize ‘Open Call for US Products’

US-based leading multinational corporation, Walmart is organizing an ‘Open Call for US Products’ on 28th June, 2017 in order to meet its commitment to purchase...

Renown to target youth with new low-priced clothing brand

Japan-based Renown will be launching a brand of affordable clothing, next Spring, to grow a youth base of consumers, thereby hoping to bounce...

Aditya Birla Group launches Liva Crème

India’s Aditya Birla Group has announced launch of Birla Cellulose’s 'Liva Crème' brand. The variant has been announced after successful launch of high...