Latest news with #Schiesser
Fashion United
23-05-2025
- Business
- Fashion United
Delta Galil reports record sales and profit increase in first quarter 2025
Israeli textile group Delta Galil Industries Ltd had a successful start to the 2025 financial year. In the first quarter, the company, whose portfolio also includes the German lingerie brand Schiesser, achieved record sales and significantly higher profits, Delta Galil announced on Thursday. Despite the positive development, the group faces new challenges due to changes in US trade policy. In the three months to March 31, sales amounted to 498.7 million dollars. Delta Galil exceeded the previous year's level by 11 percent, a new record for the first quarter. According to the company, growth in all segments and sales channels, plus a strong increase of 21 percent in online sales of its own brands, contributed to this success. Delta Galil increases profit despite lower margin However, the gross margin in the first quarter was 40.6 percent, below the previous year's figure of 42.3 percent. The group explained that the decline was mainly due to increased freight costs, unfavourable exchange rates and lower export subsidies in Egypt. Nevertheless, thanks to higher sales and strict cost discipline, Delta Galil was able to increase its operating profit (EBIT) by 26 percent to 32.7 million dollars. Adjusted for special effects, the EBIT was also 32.7 million dollars, an increase of 11 percent compared to the previous year. Net profit increased by a remarkable 46 percent to 17.6 million dollars in the first quarter. Despite all the successes, the group withdrew its forecast for the year as a whole, which had been announced in the annual report, due to new US tariffs on imports and the associated uncertainties. Delta Galil is working to cushion the impact through optimised production and procurement strategies, as well as cost savings of between 5 million and 7 million dollars. The group estimates the maximum burden on operating profit from the current tariffs at up to 20 million dollars. 'We are well positioned to grow and gain market share even in a challenging economic environment,' emphasised chief executive officer (CEO) Isaac Dabah. The company's geographically diversified production sites offer strategic advantages in the face of trade barriers. Dabah also reaffirmed the long-term goal of creating added value for customers and shareholders through innovation, sustainability and strong brands. This article was translated to English using an AI tool. FashionUnited uses AI language tools to speed up translating (news) articles and proofread the translations to improve the end result. This saves our human journalists time they can spend doing research and writing original articles. Articles translated with the help of AI are checked and edited by a human desk editor prior to going online. If you have questions or comments about this process email us at info@
Fashion Network
23-05-2025
- Business
- Fashion Network
Delta Galil posts record Q1 sales, withdraws 2025 guidance amid tariff uncertainty
Intimates and apparel manufacturer and marketer Delta Galil reported on Thursday record first-quarter sales, driven by growth in all segments and channels. For the quarter ended March 31, the Tel Aviv-based company posted an 11% year-over-year increase in sales to $498.7 million. Online sales of Delta Galil's owned brands jumped 21% in the period. Net income for the quarter surged 46% to $17.6 million, compared to $12 million in the same period last year. Diluted earnings per share rose 56% to $0.62, up from $0.39 a year ago. Delta Galil develops and markets a wide range of apparel, including seamless bras, shapewear, socks, underwear, loungewear, babywear and activewear under brands such as Schiesser, Eminence, Organic Basics, Athena, P.J. Salvage and Delta. It also sells denim and apparel under 7 For All Mankind and women's and children's apparel under Splendid, in addition to licensed collections for adidas, Wolford, Wilson, Columbia, Tommy Hilfiger, Polo Ralph Lauren, and others. 'Delta delivered record first quarter sales, reflecting strong momentum across all segments and retail channels. Our top-line performance underscores our efforts to fuel the growth of our brands and partners through exceptional design and a relentless focus on innovation, quality and sustainability. This growth, combined with disciplined cost controls, yielded solid year-over-year gains in EBIT, EBITDA and net income,' said Isaac Dabah, CEO of Delta Galil. Dabah also acknowledged challenges in the broader economic landscape, citing recent changes in U.S. trade policies as a source of uncertainty. As a result, the company has withdrawn its previously issued 2025 guidance. The company estimates that the maximum impact on annual operating income from tariffs will not exceed $20 million and is targeting a $5 to $7 million reduction in annual operating expenses. 'While the macroeconomic environment has grown more complex amid evolving U.S. trade policies, our growth initiatives remain on track. We continue to see strong demand from key customers and are well positioned to gain market share due to our strategically located manufacturing facilities in countries with low tariff exposure.'
Fashion Network
22-05-2025
- Business
- Fashion Network
Delta Galil posts record Q1 sales, withdraws 2025 guidance amid tariff uncertainty
Intimates and apparel manufacturer and marketer Delta Galil reported on Thursday record first-quarter sales, driven by growth in all segments and channels. For the quarter ended March 31, the Tel Aviv-based company posted an 11% year-over-year increase in sales to $498.7 million. Online sales of Delta Galil's owned brands jumped 21% in the period. Net income for the quarter surged 46% to $17.6 million, compared to $12 million in the same period last year. Diluted earnings per share rose 56% to $0.62, up from $0.39 a year ago. Delta Galil develops and markets a wide range of apparel, including seamless bras, shapewear, socks, underwear, loungewear, babywear and activewear under brands such as Schiesser, Eminence, Organic Basics, Athena, P.J. Salvage and Delta. It also sells denim and apparel under 7 For All Mankind and women's and children's apparel under Splendid, in addition to licensed collections for adidas, Wolford, Wilson, Columbia, Tommy Hilfiger, Polo Ralph Lauren, and others. 'Delta delivered record first quarter sales, reflecting strong momentum across all segments and retail channels. Our top-line performance underscores our efforts to fuel the growth of our brands and partners through exceptional design and a relentless focus on innovation, quality and sustainability. This growth, combined with disciplined cost controls, yielded solid year-over-year gains in EBIT, EBITDA and net income,' said Isaac Dabah, CEO of Delta Galil. Dabah also acknowledged challenges in the broader economic landscape, citing recent changes in U.S. trade policies as a source of uncertainty. As a result, the company has withdrawn its previously issued 2025 guidance. The company estimates that the maximum impact on annual operating income from tariffs will not exceed $20 million and is targeting a $5 to $7 million reduction in annual operating expenses. 'While the macroeconomic environment has grown more complex amid evolving U.S. trade policies, our growth initiatives remain on track. We continue to see strong demand from key customers and are well positioned to gain market share due to our strategically located manufacturing facilities in countries with low tariff exposure.'
Fashion Network
22-05-2025
- Business
- Fashion Network
Delta Galil posts record Q1 sales, withdraws 2025 guidance amid tariff uncertainty
Intimates and apparel manufacturer and marketer Delta Galil reported on Thursday record first-quarter sales, driven by growth in all segments and channels. For the quarter ended March 31, the Tel Aviv-based company posted an 11% year-over-year increase in sales to $498.7 million. Online sales of Delta Galil's owned brands jumped 21% in the period. Net income for the quarter surged 46% to $17.6 million, compared to $12 million in the same period last year. Diluted earnings per share rose 56% to $0.62, up from $0.39 a year ago. Delta Galil develops and markets a wide range of apparel, including seamless bras, shapewear, socks, underwear, loungewear, babywear and activewear under brands such as Schiesser, Eminence, Organic Basics, Athena, P.J. Salvage and Delta. It also sells denim and apparel under 7 For All Mankind and women's and children's apparel under Splendid, in addition to licensed collections for adidas, Wolford, Wilson, Columbia, Tommy Hilfiger, Polo Ralph Lauren, and others. 'Delta delivered record first quarter sales, reflecting strong momentum across all segments and retail channels. Our top-line performance underscores our efforts to fuel the growth of our brands and partners through exceptional design and a relentless focus on innovation, quality and sustainability. This growth, combined with disciplined cost controls, yielded solid year-over-year gains in EBIT, EBITDA and net income,' said Isaac Dabah, CEO of Delta Galil. Dabah also acknowledged challenges in the broader economic landscape, citing recent changes in U.S. trade policies as a source of uncertainty. As a result, the company has withdrawn its previously issued 2025 guidance. The company estimates that the maximum impact on annual operating income from tariffs will not exceed $20 million and is targeting a $5 to $7 million reduction in annual operating expenses. 'While the macroeconomic environment has grown more complex amid evolving U.S. trade policies, our growth initiatives remain on track. We continue to see strong demand from key customers and are well positioned to gain market share due to our strategically located manufacturing facilities in countries with low tariff exposure.'
