Sales of Differential Brands Rise

Sales of Differential Brands Rise

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Differential Brands’ net sales have increased 19 per cent for the first quarter of 2017 to a total of 40.1 million in comparison to the same period of the corresponding year. The growth in the net sales of the marketer of premium apparel brands reflects 22 per cent rise in the wholesale segment sales and 9 per cent increase in consumer direct segment sales.

The company’s gross profit for Q1 2017 was $18.6 million, compared to $16.3 million in the first quarter of fiscal 2016. Rise in gross profit was primarily driven by the increase in sales. Operating expense for the three months ended March 31, 2017 was $18.9 million compared to $18.1 million in the same period of the prior year. However, total company gross margin was 46.4 per cent compared to 48.5 per cent in the first quarter of 2016.