Growth in all channels contributed to Delta Galil Industries’ 13 per cent gain in third-quarter sales to US $ 524.2 million. Sales for the nine-month period totalled US $ 1,446.4 million, which was 7 per cent more than the same period last year.
The company reiterated its full-year outlook, stating that it continues to anticipate sales between US $ 1,991 and US $ 2,031 million, EBIT between US $ 173 and US $ 183 million, EBITDA between US $ 266 and US $ 276.3 million, net income between US $ 109.9 and US $ 114.7 million.
EBIT for Q3 increased 13 per cent to US $ 52.3 million, or 10 per cent of sales, while net income increased 9 per cent to US $ 32 million, or 6.1 per cent of sales. The company’s gross margin, which was 41.6 per cent for the third quarter, was up 70 basis points.
