Private company

DELTA APPAREL, INC

American wholesale-apparel company based in Duluth, incorporated in Georgia2

In its 2023 annual report the company says: “We are a market leader in the on-demand, digital print and fulfillment industry, bringing DTG2Go’s proprietary technology and innovation to our customers’ supply chains. Our products are also made available direct-to-consumer on our ecommerce sites and in our branded retail stores. Our diversified go-to-market strategy allows us to capitalize on our strengths to provide our activewear and lifestyle apparel products to a broad and evolving customer base whose shopping preferences may span multiple retail channels.”5

Last updated Oct 20, 2026.

Overview

$415.4MRevenue, fiscal 20233
-$33.2MNet income, fiscal 20233
  • IndustryWholesale-Apparel, Piece Goods & Notions2
  • HeadquartersDuluth, United States2
  • Incorporated inGA4
  • Business address2750 Premier Pkwy., Suite 100, Duluth, Ga 300974
  • Filer categoryAccelerated filer, Smaller reporting company4
  • Legal formProfit Corporation2
  • LEI549300YCES15WEDS8Z042
  • StatusActive2
  • LEI statusLapsed (not renewed)2
  • Registered address2750 Premiere Parkway, 30097 Duluth, United States2
  • Registered withGeorgia Secretary of State Corporations Division, K9505382

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Delta Apparel, Inc. (collectively with DTG2Go, LLC; Salt Life, LLC; M.J. Soffe, LLC; and other subsidiaries, “Delta Apparel,” “we,” “us,” “our,” or “the Company”) is a vertically integrated, international apparel company with approximately 6,800 employees worldwide. We design, manufacture, source, and market a diverse portfolio of core activewear and lifestyle apparel products under our primary brands of Salt Life®, Soffe®, and Delta. We are a market leader in the on-demand, digital print and fulfillment industry, bringing DTG2Go’s proprietary technology and innovation to our customers’ supply chains. We specialize in selling casual and athletic products through a variety of distribution channels and tiers, including outdoor and sporting goods retailers, independent and specialty stores, better department stores and mid-tier retailers, mass merchants, eRetailers, the U.S. military, and t…5 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

13.0%Gross margin3
-7.1%Operating margin3
-8.0%Net margin3
-14.3%Revenue growth, 20233
-22.0%Return on equity3
0.84×Debt to equity3
$8.4MFree cash flow3

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue79¢$361.3M
  • Selling, general and admin16¢$73.7M
  • Interest3¢$14.2M
  • Income tax2¢$10.4M

Out of $415.4M in revenue.3 The company lost money this year.

Where each dollar of operating cash went, fiscal 2023

  • Capital spending25¢$2.8M
  • Kept or used elsewhere75¢$8.4M

Out of $11.2M of cash from operations.3

Financial statements

Revenue678910113$415.4M in 2023−2% since 2016
0$200.0M$400.0M$600.0M2016: $425.2M$425.2M20162017: $385.1M$385.1M2017−9%2018: $395.4M$395.4M2018+3%2019: $431.7M$431.7M2019+9%2020: $381.0M$381.0M2020−12%2021: $436.8M$436.8M2021+15%2022: $484.9M$484.9M2022+11%2023: $415.4M$415.4M2023−14%
Gross profit678910113$54.0M in 2023−42% since 2016
0$50.0M$100.0M$150.0M2016: $93.5M$93.5M20162017: $80.7M$80.7M2017−14%2018: $82.0M$82.0M2018+2%2019: $85.2M$85.2M2019+4%2020: $68.4M$68.4M2020−20%2021: $101.9M$101.9M2021+49%2022: $108.8M$108.8M2022+7%2023: $54.0M$54.0M2023−50%
Operating income678910113-$29.4M in 2023
-$40.0M-$20.0M0$20.0M$40.0M2016: $16.3M$16.3M20162017: $16.2M$16.2M2017−1%2018: $17.4M$17.4M2018+8%2019: $15.9M$15.9M2019−9%2020: -$7.1M-$7.1M20202021: $32.7M$32.7M20212022: $31.8M$31.8M2022−3%2023: -$29.4M-$29.4M2023
Net income678910113-$33.2M in 2023
-$40.0M-$20.0M0$20.0M$40.0M2016: $9.0M$9.0M20162017: $10.5M$10.5M2017+17%2018: $1.3M$1.3M2018−87%2019: $8.2M$8.2M2019+516%2020: -$10.6M-$10.6M20202021: $20.3M$20.3M20212022: $19.7M$19.7M2022−3%2023: -$33.2M-$33.2M2023
Fiscal year20162017201820192020202120222023
Revenue$425.2M6$385.1M7$395.4M8$431.7M9$381.0M10$436.8M11$484.9M3$415.4M3
Cost of revenue$331.8M6$304.4M7$313.4M8$346.6M9$312.7M10$334.9M11$376.0M3$361.3M3
Gross profit$93.5M6$80.7M7$82.0M8$85.2M9$68.4M10$101.9M11$108.8M3$54.0M3
Selling, general and admin$76.6M6$67.4M7$67.0M8$70.2M9$68.4M10$70.7M11$79.5M3$73.7M3
Operating income$16.3M6$16.2M7$17.4M8$15.9M9-$7.1M10$32.7M11$31.8M3-$29.4M3
Interest$5.3M6$5.0M7$5.7M8$7.5M9$7.0M10$6.8M11$7.7M3$14.2M3
Income before tax$25.9M11$24.0M3-$43.6M3
Income tax$2.1M6$657.0K7$10.5M8$477.0K9-$3.3M10$5.7M11$4.3M3-$10.4M3
Net income$9.0M6$10.5M7$1.3M8$8.2M9-$10.6M10$20.3M11$19.7M3-$33.2M3
Earnings per share$1.166$1.407$0.198$1.199-$1.5310$2.9211$2.843-$4.753
Earnings per share (diluted)$1.126$1.337$0.188$1.179-$1.5310$2.8611$2.803-$4.753
Shares (weighted, basic)7.0M shares117.0M shares37.0M shares3
Shares (weighted, diluted)7.1M shares117.0M shares37.0M shares3

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Corporate structure

DELTA APPAREL, INC sits at the top of its group. 1 entity, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of DELTA APPAREL, INC

  • Forager Fund, L.P. Filed SCHEDULE 13D/A on DELTA APPAREL, INC, latest Jan 8, 2025 (6 filings since Oct 10, 2023)
  • AEGIS FINANCIAL CORP Filed SC 13G/A on DELTA APPAREL, INC, latest Nov 12, 2024 (2 filings since Feb 8, 2024)
  • DIMENSIONAL FUND ADVISORS LP Filed SC 13G/A on DELTA APPAREL, INC, latest Oct 31, 2024 (4 filings since Feb 8, 2022)
  • WILEN INVESTMENT MANAGEMENT CORP. Filed SC 13G/A on DELTA APPAREL, INC, latest Sep 30, 2024 (4 filings since Feb 1, 2022)
  • Robert W. Humphreys Filed SC 13G/A on DELTA APPAREL, INC, latest Feb 14, 2024 (3 filings since Feb 10, 2022)
  • Allspring Global Investments Holdings, LLC Filed SC 13G/A on DELTA APPAREL, INC, latest Jan 12, 2024 (4 filings since Dec 9, 2021)
  • Wells Fargo Filed SC 13G/A on DELTA APPAREL, INC, latest Dec 8, 2021
  • DELTA APPAREL, INC Duluth, Georgia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What DELTA APPAREL, INC reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$184.3M3 Sep 30, 2023$182.7M3 Oct 1, 2022+0.9%
Accumulated depreciation$118.7M3 Sep 30, 2023$108.6M3 Oct 1, 2022+9.4%
Property and equipment, net$65.6M3 Sep 30, 2023$74.1M3 Oct 1, 2022−11.5%
Operating-lease assets (leased space)$55.5M3 Sep 30, 2023$50.3M3 Oct 1, 2022+10.3%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$187.0K3 Sep 30, 2023$300.0K11 Oct 1, 2022−37.7%
Stakes in other companies (equity method)$10.1M3 Sep 30, 2023$9.9M11 Oct 1, 2022+2.0%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$28.7M3 Sep 30, 2023$37.9M3 Oct 1, 2022−24.3%
Intangible assets, net (excluding goodwill)$21.7M3 Sep 30, 2023$24.0M11 Oct 1, 2022−9.7%
Finite-lived intangibles, gross$37.2M3 Sep 30, 2023$37.2M11 Oct 1, 20220%
Accumulated amortization$15.5M3 Sep 30, 2023$13.2M11 Oct 1, 2022+17.6%
Finite-lived intangibles, net$21.7M3 Sep 30, 2023$24.0M11 Oct 1, 2022−9.7%

Inventory

ItemLatestA year beforeChange
Inventory, total$212.4M3 Sep 30, 2023$248.5M3 Oct 1, 2022−14.6%
Raw materials$20.3M3 Sep 30, 2023$22.6M3 Oct 1, 2022−10.4%
Work in process$17.7M3 Sep 30, 2023$23.5M3 Oct 1, 2022−24.7%
Finished goods$174.4M3 Sep 30, 2023$202.4M3 Oct 1, 2022−13.8%

Leadership

Who has led DELTA APPAREL, INC, and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Robert W. Humphreys2007–2024

Chair

  1. Robert W. Humphreys2010–2024

President

  1. Kenneth D. Spires2007–2011
  2. William T. McGhee2007–2009
  3. Robert W. Humphreys2007–2009
  4. Steven E. Cochran2010–2013
  5. Deborah H. Merrill2017–2021
  6. Jeffery Neil Stillwell2018–2024

Chief financial officer

  1. Deborah H. Merrill2006–2021
  2. Simone C. Walsh2021–2022

Chief operating officer

  1. Steven E. Cochran2013
2010201520202025
Board members and other officers (31)

Former names

  • DELTA APPAREL INCDec 30, 1999 to May 5, 20104

Timeline

  1. Nov 6, 20248-K Regulation FD disclosure55
  2. Oct 3, 20248-K Regulation FD disclosure56
  3. Sep 24, 20248-K Entered a material agreement; Ended a material agreement; Completed an acquisition or sale57
  4. Aug 27, 20248-K Regulation FD disclosure58
  5. Aug 22, 20248-K Regulation FD disclosure59
  6. Jul 18, 20248-K Change of auditor; Regulation FD disclosure60
  7. Jul 3, 20248-K Listing notice or transfer; Executive or director change; Regulation FD disclosure61
  8. Jul 1, 20248-K Entered a material agreement; Bankruptcy or receivership; Debt or obligation accelerated62
  9. Jun 18, 20248-K Exit or restructuring costs63
  10. Jun 17, 20248-K Exit or restructuring costs64
  11. Jun 11, 20248-K Ended a material agreement; Executive or director change65
  12. Jun 5, 20248-K Executive or director change66
  13. Sep 5, 2007New chief executive Robert W. Humphreys becomes CEO15
  14. Dec 10, 1999Founded DELTA APPAREL, INC is founded2

Calendar

When it reported results

  1. Feb 12, 2024Reported quarterly or annual results67
  2. Dec 7, 2023Reported quarterly or annual results68
  3. Aug 3, 2023Reported quarterly or annual results69
  4. May 4, 2023Reported quarterly or annual results70
  5. Feb 7, 2023Reported quarterly or annual results71
  6. Nov 17, 2022Reported quarterly or annual results72
  7. Oct 19, 2022Reported quarterly or annual results73
  8. Aug 4, 2022Reported quarterly or annual results74

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

172 filings to the SEC since October 2021: 3 annual reports, 8 quarterly reports, 48 major events, 71 insider forms, 24 large holders, 18 other. The latest 20:

  1. Jan 8, 2025SCHEDULE 13D/A EDGAR
  2. Nov 12, 2024SC 13G/A EDGAR
  3. Nov 6, 20248-K EDGAR
  4. Oct 31, 2024SC 13G/A SEC SCHEDULE 13G EDGAR
  5. Oct 3, 20248-K EDGAR
  6. Sep 30, 2024SC 13G/A DELTA APPAREL INC FINAL 13G/A 2024 EDGAR
  7. Sep 24, 20248-K EDGAR
  8. Aug 27, 20248-K EDGAR
  9. Aug 22, 20248-K EDGAR
  10. Jul 18, 20248-K EDGAR
  11. Jul 10, 202425-NSE EDGAR
  12. Jul 3, 20248-K EDGAR
  13. Jul 1, 20248-K EDGAR
  14. Jun 18, 20248-K EDGAR
  15. Jun 17, 20248-K EDGAR
  16. Jun 11, 20248-K EDGAR
  17. Jun 5, 20248-K EDGAR
  18. May 31, 2024SD EDGAR
  19. May 22, 20248-K EDGAR
  20. May 20, 20248-K EDGAR

The 172 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

23 open-market trades by officers, directors and large owners since October 2021: 13 buys and 10 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
May 19, 2023Stillwell Jeffery NeilPresident, Salt Life GroupBuy3,000$9.47$28.4KForm 4
May 18, 2023Stillwell Jeffery NeilPresident, Salt Life GroupBuy3,000$9.90$29.7KForm 4
Dec 5, 2022HOOD GLENDA EDirectorBuy1,500$12.93$19.4KForm 4
Dec 2, 2022WHALEN DAVID GDirectorBuy439$12.90$5.7KForm 4
Dec 1, 2022WHALEN DAVID GDirectorBuy561$12.90$7.2KForm 4
Dec 1, 2022Campbell James BradleyDirectorBuy2,000$13.25$26.5KForm 4
Nov 29, 2022WHALEN DAVID GDirectorBuy1,000$13.10$13.1KForm 4
Nov 23, 2022Gogue George JayDirectorBuy4,000$12.95$51.8KForm 4
Nov 23, 2022Campbell James BradleyDirectorBuy2,000$13.36$26.7KForm 4
Nov 23, 2022Grow Justin MarshallEVP & Chief Admin OfficerBuy1,000$13.50$13.5KForm 4
Nov 22, 2022TAYLOR A ALEXANDER IIDirectorBuy2,000$12.99$26.0KForm 4
Nov 22, 2022Grow Justin MarshallEVP & Chief Admin OfficerBuy3,000$13.03$39.1KForm 4
May 11, 2022TAYLOR A ALEXANDER IIDirectorBuy1,000$28.41$28.4KForm 4
Dec 16, 2021Merrill Deborah HPresident, Delta GroupSale6,900$28.05$193.5KForm 4
Dec 15, 2021Merrill Deborah HPresident, Delta GroupSale3,400$28.03$95.3KForm 4
Dec 14, 2021Merrill Deborah HPresident, Delta GroupSale4,200$28.13$118.1KForm 4
Dec 13, 2021Merrill Deborah HPresident, Delta GroupSale2,624$28.87$75.8KForm 4
Dec 10, 2021Merrill Deborah HPresident, Delta GroupSale9,000$29.58$266.2KForm 4
Dec 9, 2021Merrill Deborah HPresident, Delta GroupSale9,000$29.44$265.0KForm 4
Dec 8, 2021Merrill Deborah HPresident, Delta GroupSale210$28.92$6.1KForm 4

All 23 trades can be filtered by person here when JavaScript is on.

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How DELTA APPAREL, INC is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARDELTA APPAREL, INC1
  • CIK0001101396
  • Employer ID (EIN)58-25087941
  • Filer statusAccelerated filer<br>smaller reporting company1
  • Incorporated inGeorgia1
  • Fiscal year endsSeptember 301
  • Industry code (SIC)5130 Wholesale-Apparel, Piece Goods & Notions1
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance1
  • Business address2750 Premier Pkwy., Suite 100, Duluth, GA 300971
  • Phone678-775-69001
  • Shares outstanding7,051,153 as of May 7, 202413
  • Public float$69.8M as of Apr 1, 20233
  • On EDGAR sinceDec 30, 19991
  • Filings1,099 in all: 4 (430), 8-K (236), SC 13G/A (102), 10-Q (71), 3 (31), SC 13G (27), SC 13D/A (26), DEF 14A (24)1
    All 43 form types

    10-K (23), UPLOAD (16), DEFA14A (13), CT ORDER (11), SD (11), CORRESP (10), SC 13D (8), 4/A (6), ARS (5), 10-12B/A (4), 5 (4), DFAN14A (4), EFFECT (4), S-3 (4), SC TO-I/A (4), 8-K/A (3), S-8 (3), NT 10-K (2), 10-12B (1), 10-K/A (1), 10-K405 (1), 10-Q/A (1), 10-QT (1), 25-NSE (1), 3/A (1), DEFC14A (1), NT 10-Q (1), PRE 14A (1), PREC14A (1), PRRN14A (1), S-3/A (1), S-8 POS (1), SC TO-C (1), SC TO-I (1), SCHEDULE 13D/A (1)

  • Latest filingsAnnual report (10-K) Dec 28, 2023
    Quarterly report (10-Q) May 9, 2024
    Proxy statement (DEF 14A) Jan 8, 2024
    Latest 8-K (8-K) Nov 6, 2024

Sources

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