The sales of Delta Galil, global manufacturer and marketer of branded and private label apparel products for men, women and children, has climbed up 36 per cent to $340.5 million in the second quarter of 2017, compared to $249.5 million in the same quarter last year. The company’s operating profit also increased 31 per cent to $17.7 million in Q2FY17.
Net income attributable to shareholders was $8.9 million in the second quarter of 2017, compared to $7.8 million in the same quarter of 2016, representing a 14 per cent increase. EBITDA also rose 35 per cent in the second quarter of 2017 and amounted to $25.5 million, compared to $18.9 million in the same quarter last year.
For fiscal 2017, sales are expected to range around $1,330-$1,370 million, representing an increase of 13-16 per cent from the actual sales of $1,179 million in 2016. Full-year 2017 diluted EPS is expected to range approximately $1.95-$2.02, representing an increase of 5-9 per cent from actual EPS of $1.85 in 2016. The company’s net income will be around $50.0-$52.0 million for fiscal 2017.