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

Added: Jun 2012
Tommy Hilfiger at D2.

Added: Aug 2011
Nearly Nude at D2.

Added: Aug 2011
Tommy Hilfiger at Delta Galil.

Added: Aug 2011

current news

Delta Galil Nets $15.1M As Q1 Sales Jump 25%


(Filed Under Financial and General Interest News). Delta Galil earned $15.081 million on sales of $416.135 million in the quarter ended March 31, compared to a loss of $19.990 million on sales of $332.683 million in the same period last year.

For the full year, Delta Galil said it expects sales to range “between $1,780 million-$1,820 million, representing an increase of 5%-8% from 2019 actual sales of $1,690.2 million.” Net income is “expected to range between $81.5 million-$89.5 million, representing an increase of 35%-49% from 2019 actual net income of $60.2 million.”

The company noted that “E-commerce own website sales rose 272% for the first quarter of 2021, to $70.8 million, compared to $19.0 million for the first quarter of 2020. E-commerce customers grew 83% to 54.6 million in the first quarter of 2021, from 29.7 million in the same quarter last year.” During 2020 Delta Galil acquired two online intimates retailers, Brayola and Bare Necessities.

CEO Isaac Dabah commented on the latest period: “We are very pleased with our growth momentum and strong first quarter results, which reflect three consecutive quarters of record operating margin. Our operating profit increased significantly, driven by higher sales across all segments, with particular strength in our online sales, our gross margin improvement, and the effective implementation of the efficiency measures we started to put in place at the middle of last year.” — NM


more Financial and General Interest News >>

Published 05-12-2021 by Nick Monjo

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