top shadow
BODY

To receive more info from Delta Galil about a particular product, Click on the photo (photo will enlarge).

A look from Tommy Hilfiger. Tommy Hilfiger at Delta Galil. Tommy Hilfiger at D2. Nearly Nude at D2.
A look from Tommy Hilfiger.

Added: Jun 2012
Tommy Hilfiger at Delta Galil.

Added: Aug 2011
Tommy Hilfiger at D2.

Added: Aug 2011
Nearly Nude at D2.

Added: Aug 2011

current news

Delta Galil Q2: Loss of $53.3M, Sales Fall 27%


(Filed Under wholesale Lingerie News). Delta Galil reported a loss of $53.3 million in the three months ending June 20, as sales fell 27% to $270.9 million. In the same period last year the company had net income of $5.1 million on sales of $373.9 million.

“While our second quarter results reflect the continued global impact of the COVID-19 pandemic,” explained CEO Isaac Dabah, “we are pleased to report that our financials were better than we expected as of last quarter. We finished Q2 with strong performance in direct-to-consumer e-commerce across all of our businesses, and we see strong recovery in brick-and-mortar sales in Israel, that presented a growth in May and June, and in our European brands. During the quarter, we initiated a significant strategic restructuring plan across all business units, which we expect to deliver efficiencies in our cost structure, operations and productivity starting already in Q3. We have a solid plan in place, a strong balance sheet, many of our customers are gradually recovering, and we continue to focus on developing new products to drive sustainable profitable growth and long-term shareholder value. We started the third quarter with strong results for July and expect to get back to profitability in the third quarter.”

The firm noted a “163% increase in company’s own websites sales,” during the period.

Looking ahead, Delta Galil stated it “does not currently anticipate declaring a dividend for the remainder of the fiscal year,” adding that “as a result of the global impact of COVID-19, and the continued uncertainty surrounding the pandemic,” it is “not providing financial guidance for fiscal 2020 at this time.” — NM


more wholesale Lingerie News >>

Published 08-20-2020 by -

Related Articles

Delta Galil: Sales Rise, Closes China Factory
Delta Galil Acquires Organic Basics Brand
Delta Galil Launches Adidas Underwear Line
Delta Galil Earns $18.9M On Sales Of $483.9M
Delta Galil 4th Quarter Sales +26%, Profit +92%
Delta Galil Will Be $2 Billion Firm In 2022
Delta Galil: Sales, Net Rise; New Polo License
Delta Galil Files To List Shares Publicly In U.S.
Sales, Earnings, Margins Rise At Delta Galil
Delta Galil Signs Adidas Underwear License


Comment on this article, brand or product

Disclaimer: The views expressed in comments published on bodymagazine.us are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.















NOTE: Your Email will not be displayed.

Related pictures

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2022 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2022 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to bodymagazinefmmg@gmail.com
bottom shadow