Delta Galil Sales +11%, Profit +17%
Delta Galil sales rose 11% while net income jumped 17% in the third quarter. In the three months ended September 30, the company earned $36.592 million on sales of $599.612 million, compared to a profit of $31.409 million on sales of $538.979 million in the same three months last year.
CEO Isaac Dabah said the sales increase was “driven by growth across most of our operating segments and markets, while gross profit grew 15%, and operating income, excluding non-core items, increased 23%. These results reflect the strength of our diversified business model and our ability to drive operating leverage. In addition, our direct-to-consumer sales increased in the third quarter of 2026 by 16% compared to the third quarter last year demonstrating the strength of our owned brands.”
He continued: “our record performance through the first nine months of 2026 reinforces our confidence in Delta Galil’s long-term growth trajectory. Year-to-date sales increased 12% to $1.68 billion, while operating income excluding non-core items grew 34%, reflecting the success of our growth initiatives and strategic investments. Strong cash generation and disciplined financial management have further strengthened our balance sheet, providing additional flexibility to scale our business. With positive momentum across our operations, we remain focused on delivering another record year in 2026 while investing to support sustained profitable growth in the years ahead.”
According to the company, net income for first nine-months in 2026 “included a $14.5 million benefit from the tariff refund. Excluding the tariff refund and non-core items, net income in the nine-month period of 2026 increased by 16%.”
Looking ahead to the full year 2026, Delta Galil is predicting total sales of $2.294 billion to $2.328 billion, compared to actual sales last year of $2.1189 billion. Net income is expected to rise to $116 million to $123 million, compared to the actual profit of $102.6 million in 2025.
Comments