(Filed Under wholesale Lingerie News). Delta Galil net income in the fourth quarter jumped to $45,468,000 on record sales of $577,986,000, compared to a profit of $23,740,000 on sales of $459,679,000 in the same quarter last year.
For the full year 2021, the company earned $120,306,000 on sales of $1,950,958,000 compared to a loss of $40,521,000 on sales of $1,446,187,000 in 2020.
The company emphasized its e-commerce growth, driven in part by its recent acquisitions of both Bare Necessities and Brayola. “E-commerce own website sales were increased by 149% and amounted to $66.9 million for the fourth quarter of 2021, compared $26.9 million in the fourth quarter of 2019, but reduced by 12% compared to $76.1 million in the fourth quarter of 2020. E-commerce own website sales for the 2021 full year increased 282% and amounted to $253.6 million, compared to $66.3 million in 2019, and by 66% compared to $152.5 million in 2020.”
CEO Isaac Dabah declared, “throughout the year, we consistently delivered higher sales and better profitability, as demonstrated by Q4 representing our fourth consecutive quarter of record revenues and sixth consecutive quarter of record operating margin. We concluded the year with strong growth in all channels, geographies and segments, and expect momentum to continue in 2022. With a solid foundation in place and enhanced performance of our growth engines, we will continue to invest in our technology, manufacturing and distribution infrastructure to support our growth needs.” — NM
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