Delta Apparel: Gross margin expansion drives profit

Delta Apparel has announced that its second quarter expanded gross margins drove net income to 3.4 million dollars or 0.43 dollar per diluted share. Net sales, the company said impacted to some degree by the bankruptcy of a large retail customer, were 109.2 million dollars compared with sales of 109.6 million dollars in the prior year second quarter. For the first six months of fiscal 2016, net sales increased to 199.3 million dollars from 197.6 million dollars in the prior year period