Delta Apparel Q1 Sales $79.93M Miss $92.50M Estimate
Portfolio Pulse from Benzinga Newsdesk
Delta Apparel reported Q1 sales of $79.93M, missing the analyst consensus estimate of $92.50M by 13.58%, marking a 25.50% decrease from last year's $107.30M.

February 12, 2024 | 9:14 pm
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NEGATIVE IMPACT
Delta Apparel's Q1 sales significantly missed estimates and showed a substantial year-over-year decline.
Missing sales estimates by a significant margin and reporting a substantial year-over-year decline in sales are both negative indicators for a company's financial health and operational performance. This is likely to negatively impact investor sentiment and could lead to a decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100