(Filed Under Financial and General Interest News). Delta Galil earned $32.5 million on sales of $501.1 million in the third quarter, compared to a profit of $19.5 million on sales of $382.9 million in the three months ended September 30, 2020.

The company also said it signed a long term “global licensing agreement” for Polo Ralph Lauren women’s intimates and sleepwear.

CEO Isaac Dabah explained, “this partnership represents a significant addition to our licensing portfolio, and we’re thrilled to be working with such an iconic and timeless brand. It marks another significant step in our growth strategy of partnering with leading global brands and comes on the heels of our recent global licensing agreements with Adidas and Wolford.”

“During the quarter, we continued our focus on digital innovation,” he continued. “With our merged Bare Necessities and Brayola platform, we are now in the process of introducing our own brands through our digital channel. We have exciting plans to grow this area, which we expect to increase sales and profitability overtime.” The company noted that its “own websites’ sales increased 102% to $52.4 million” in the quarter.

Looking ahead at the full year, Delta Galil stated “full-year 2021 sales are expected to range between $1,900 million and $1,940 million, representing an increase of 4%, compared to mid-point of prior guidance and up 14% from 2019 sales of $1,690.2 million.”

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Published 11-09-2021 by -