Associated tags: Name, Schiesser, Adidas, Delta Galil Industries, Splendid, Woman, Delta, Retail, Fashion, Other Retail, Supply Chain Management, Online Retail, Luxury, Specialty, Department Stores, Cryptocurrency, Consumer, EBIT, Video game, EBITDA, Women
Locations: ISRAEL, MIDDLE EAST, PALO ALTO, CALIFORNIA, US
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Management 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 announced the appointment of Lilach Payorski as Chief Financial Officer (CFO), effective as of the end of July.
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 announced the appointment of Lilach Payorski as Chief Financial Officer (CFO), effective as of the end of July.
- Payorski will succeed Asaf Alperovitz, who has served as CFO since 2019 and will stay on through July to ensure a smooth transition.
- “I’m extremely pleased Lilach has chosen Delta Galil as her next professional home,” said Isaac Dabah, CEO of Delta Galil.
- “I’m confident her professionalism experience both domestically and globally will contribute to Delta Galil’s continued growth.
Retrieved on:
Monday, February 26, 2024
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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.
Retrieved on:
Thursday, November 16, 2023
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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.
Retrieved on:
Tuesday, November 14, 2023
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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.
Retrieved on:
Wednesday, August 9, 2023
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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.
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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.
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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.”
Retrieved on:
Wednesday, February 22, 2023
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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.
Retrieved on:
Wednesday, February 15, 2023
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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.
Retrieved on:
Tuesday, November 22, 2022
