Delta Galil Industries

Delta Galil Reports Fourth Quarter and Full Year 2023 Results

Retrieved on: 
Monday, February 26, 2024
Fashion, Online Retail, Retail, Luxury, Manufacturing, Specialty, Textiles, Growth, Delta Galil Industries, DTC, Video game

Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for ladies, men, and children, today reported financial results for the fourth quarter and year ended December 31, 2023.

Key Points: 
  • Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for ladies, men, and children, today reported financial results for the fourth quarter and year ended December 31, 2023.
  • Gross margin in the fourth quarter of 2023 increased to a fourth quarter all-time record of 43.1%, compared to 39.7% in the fourth quarter of 2022.
  • EBIT in the fourth quarter of 2023 was $56.2 million or 11.0% of sales compared to $57.2 million or 10.5% of sales in the prior-year period.
  • The Company recorded no non-core items in its fourth quarter of 2023.

Millie Bobby Brown Launches Self-Confidence Revolution With New Ready-To-Wear Fashion Line

Retrieved on: 
Thursday, January 25, 2024
Clothing, IMG, Collection, Life, Friends, Endeavour, Gen, WME, Delta Galil Industries, Skin, Individual, System, Organic, Fashion design

NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Renowned actress Millie Bobby Brown today launches a new fashion line, florence by mills fashion, in collaboration with Delta Galil USA, a leading global manufacturer and owner of fashion companies including Splendid®, 7 For All Mankind®, P.J. Salvage, and more. Designed for Millie's generation to launch a self-confidence revolution in ready-to-wear fashion, the inclusive, intentional styles are made to make you happy. Each product is cloud soft to the touch, moves with you and made with thoughtful fabrics that feel good on your skin.

Key Points: 
  • Introducing florence by mills fashion, a line of inclusive ready-to-wear, loungewear, active wear and
    NEW YORK, Jan. 25, 2024 /PRNewswire/ -- Renowned actress Millie Bobby Brown today launches a new fashion line, florence by mills fashion , in collaboration with Delta Galil USA, a leading global manufacturer and owner of fashion companies including Splendid® , 7 For A ll Mankind® , P.J.
  • Designed for Millie's generation to launch a self-confidence revolution in ready-to-wear fashion, the inclusive, intentional styles are made to make you happy.
  • I want everyone who puts on a piece from the line to immediately feel confident and free in their skin."
  • Millie Bobby Brown named florence after her great-grandma: a woman who embraced herself and did things that made her happy all her life.

Delta Galil Reports Third Quarter 2023 Results

Retrieved on: 
Thursday, November 16, 2023
Luxury, Department Stores, Other Retail, Specialty, Fashion, Cosmetics, Retail, Supply Chain Management, Online Retail, EBITDA, Woman, Acquisition, Humphrey Bogart, Growth, Delta Galil Industries, Clothing, Tourism, Arms industry, Cryptocurrency, Video game, EBIT

Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today reported financial results for the third quarter and nine months ended September 30, 2023.

Key Points: 
  • Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today reported financial results for the third quarter and nine months ended September 30, 2023.
  • Isaac Dabah, CEO of Delta Galil, stated, “During the third quarter, we made strong progress executing against previously disclosed strategies aimed at reducing inventory levels, expanding gross margin, and generating strong operating cash flow.
  • We expect 2024 will be a strong year with meaningful revenue and profitability growth compared to 2023, and at similar level of 2022 record annual results.
  • Gross margin in the third quarter of 2023 increased to 40.9%, compared to 38.4% in the third quarter of 2022.

Delta Galil Announces Acquisition of Chantelle Group’s Passionata Brand

Retrieved on: 
Tuesday, November 14, 2023
Fashion, Retail, Luxury, Consumer, Other Retail, Women, Passion (music), Woman, Acquisition, Chantelle, Delta, Delta Galil Industries, Marketing, Advertising, System, Eminence, Femininity

Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today announced the acquisition of the Chantelle Group’s Passionata brand.

Key Points: 
  • Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today announced the acquisition of the Chantelle Group’s Passionata brand.
  • “This is a unique and valuable addition to our global brand portfolio, as Passionata resonates so strongly with millennial women who are confident expressing their sensuality,” said Isaac Dabah, CEO of Delta Galil Industries.
  • “The decision to transition Passionata aligns with the Chantelle Group’s vision of strengthening and unifying its brands under the formidable Chantelle name,” said Guillaume Kretz, CEO of Chantelle Group.
  • To ensure a smooth transition, Chantelle Group will retain the sole licensee rights to manage the brand until July 2024.

Delta Galil Reports Second Quarter 2023 Results

Retrieved on: 
Wednesday, August 9, 2023
Men, Supply Chain Management, Online Retail, Other Retail, Luxury, Department Stores, Specialty, Consumer, Fashion, Retail, Children, Women, Humphrey Bogart, Delta Galil Industries, Woman, EBITDA, Acquisition, SG, Fine chemical, Cryptocurrency, Video game, EBIT

Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today reported financial results for the second quarter and first half ended June 30, 2023.

Key Points: 
  • Delta Galil Industries, Ltd. (DELG/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today reported financial results for the second quarter and first half ended June 30, 2023.
  • We expect to meet our prior 2023 full-year guidance while further strengthening our balance sheet through continued reductions in both inventory and debt levels.”
    The Company reported second quarter 2023 sales of $443.6 million, a 10% decrease (9% in constant currency) from $491.3 million in the second quarter of 2022.
  • Gross margin in the second quarter of 2023 increased to 40.4%, compared to 38.5% in the second quarter of 2022.
  • EBIT in the second quarter of 2023 was $28.2 million compared to $38.5 million in the prior-year period.

Delta Galil Reports First Quarter 2023 Results

Retrieved on: 
Wednesday, May 17, 2023
Footwear, Textiles, Supply Chain Management, Online Retail, Fashion, Manufacturing, Retail, Department Stores, Woman, EBIT, Public expenditure, Bare Necessities, Collection, Delta Galil Industries, Growth, NIS, Video game, Drug, Cryptocurrency, Pharmaceutical industry

The Company reported first quarter 2023 sales of $442.5 million, a 9% decrease (6% in constant currency) from $483.9 million in the first quarter of 2022.

Key Points: 
  • The Company reported first quarter 2023 sales of $442.5 million, a 9% decrease (6% in constant currency) from $483.9 million in the first quarter of 2022.
  • Net income for first quarter 2023 was $3.0 million, compared to $18.9 million in the first quarter last year.
  • Diluted earnings per share for first quarter 2023 decreased to $0.08, from $0.67 in the first quarter of 2022.
  • EBITDA excluding IFRS 16 impact for first quarter 2023 was $28.5 million, compared to $42.6 million in the first quarter of 2022.

Delta Galil Announces Upgrade to Bond Rating from A1 to Aa3

Retrieved on: 
Thursday, March 9, 2023
Other Retail, Specialty, Supply Chain Management, Online Retail, Fashion, Luxury, Retail, Department Stores, Growth, EBITDA, Woman, Delta Galil Industries, Airline, A1

Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today announced that Israeli credit rating agency Midroog, a subsidiary of Moody’s, has upgraded Delta Galil’s corporate bond rating to Aa3 with a stable outlook from a previous rating of A1 with a positive outlook.

Key Points: 
  • Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange), the global manufacturer and marketer of branded and private label intimate, activewear, loungewear and denim apparel for men, women and children, today announced that Israeli credit rating agency Midroog, a subsidiary of Moody’s, has upgraded Delta Galil’s corporate bond rating to Aa3 with a stable outlook from a previous rating of A1 with a positive outlook.
  • According to the report from Midroog, the rating upgrade is supported by the ongoing improvement in Delta Galil’s financial position, including an increase in revenues and EBITDA over the past several years.
  • The agency also notes Delta Galil’s high revenue turnover, substantial market share and increased operating profit as well as the Company’s strong capital position.
  • “This increase in our credit rating from A1 to Aa3 reflects the solid position we hold in the global marketplace and the general outlook for our growth and profitability for 2023 and beyond.”

Delta Galil Appoints Mark Stocker as President of Branded Division

Retrieved on: 
Wednesday, February 22, 2023
Retail, Textiles, Manufacturing, Fashion, Marketing, Wolford, Lord & Taylor, Delta, Delta Galil Industries, Stocker, Growth, New York & Company, Lord, Woman, Fashion design

Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange; the “Company”), the global manufacturer and marketer of branded and private label intimate apparel, leisurewear, activewear and denim products for men, women and children, today announced that it has appointed Mark Stocker as President, Delta Galil Branded Division, effective January 30, 2023.

Key Points: 
  • Delta Galil Industries, Ltd. (DELT/Tel Aviv Stock Exchange; the “Company”), the global manufacturer and marketer of branded and private label intimate apparel, leisurewear, activewear and denim products for men, women and children, today announced that it has appointed Mark Stocker as President, Delta Galil Branded Division, effective January 30, 2023.
  • Stocker is a highly accomplished merchandising and product strategy executive whose previous experience includes leading the strategic vision for the apparel division of Macy’s.
  • He will be based in New York and will report directly to Delta Galil CEO Isaac Dabah.
  • “We are excited to welcome Mark to the Delta Galil leadership team,” said Isaac Dabah, CEO of Delta Galil.

Delta Galil Reports Fourth Quarter and Record Full Year 2022 Results

Retrieved on: 
Wednesday, February 15, 2023
Other Retail, Specialty, Supply Chain Management, Online Retail, Fashion, Luxury, Retail, Department Stores, Public expenditure, Woman, EBIT, Delta Galil Industries, Investment, Consumer, EBITDA, COVID-19, Cryptocurrency, Pharmaceutical industry, Video game

The Company reported fourth quarter sales of $544.4 million, a 6% decrease (2% in constant currency) from $578.0 million in the fourth quarter of 2021.

Key Points: 
  • The Company reported fourth quarter sales of $544.4 million, a 6% decrease (2% in constant currency) from $578.0 million in the fourth quarter of 2021.
  • EBIT before non-core items in the fourth quarter decreased 12% to $56.9 million, from $64.7 million in the fourth quarter of 2021.
  • Net income for the fourth quarter decreased 17% to $37.7 million, from $45.5 million in the fourth quarter of 2021.
  • Diluted earnings per share for the fourth quarter decreased 16% to $1.35, from $1.60 in the fourth quarter of 2021.

Delta Galil Strengthens Supply Chain with Infor

Retrieved on: 
Monday, August 8, 2022
Nexus, Woman, Delta Galil Industries, Asparagine, Industry, Technology, Growth, Davidov, EMEA, Sale, Leadership, Creativity, ETA, Man, Review, TEL, Control, Partnership, Delta, Goal, CIO, PETA, Efficiency, ERP, Organization, Film, Online shopping, Infor

TEL AVIV, Israel, Aug. 8, 2022 /PRNewswire/ --  Infor® , the industry cloud company, today announced that Delta Galil Industries Ltd., a global leader in the design, manufacture, distribution and sale of intimates and activewear, has adopted the Infor Nexus supply chain platform. The technology will help Delta Galil improve visibility of inventory, enhancing collaboration with suppliers and customers, automating the vital plan-to-ship process, and accelerating the onboarding of new suppliers and partners.

Key Points: 
  • TEL AVIV, Israel, Aug. 8, 2022 /PRNewswire/ -- Infor , the industry cloud company, today announced that Delta Galil Industries Ltd., a global leader in the design, manufacture, distribution and sale of intimates and activewear, has adopted the Infor Nexus supply chain platform.
  • This seamless integration will increase visibility across the Delta Galil supply chain and reduce supply and capital costs.
  • "For a company like Delta Galil with many brands, retail stores, manufacturing sites and e-com websites, efficient operations and speed to market are critical," said Adi Nov, Delta Galil global CIO.
  • "Combining supply chain, operational and financial aspects into cohesive processes enables faster, more controlled growth," said Mark Illidge, Infor vice president and general manager for supply chain in EMEA.