Delta Galil Industries (Nasdaq:DELT) reported Q3 sales of $149.5 million, an increase of 41% over the comparable quarter of 2000.
The company, which provides of private label intimate apparel, men's underwear, socks, baby wear and leisurewear, said that North America contributed 57% of total third-quarter sales, the U.K. 28%, Europe 8% and Israel 7%.
In the first nine months of 2001 sales totaled $420.4 million, an increase of 42% over the comparable period of 2000.
Net income for the third quarter, before non-recurring items, amounted to $4 million or $0.21 per share, down 12% and 16% respectively to the same period last year.
Net income for the first nine months before non-recurring items was $11.4 million or $0.60 per share, a decrease of 31% and 35% respectively, as compared to the first nine months of 2000.
North American sales jumped 143% in the third quarter to $85.5 million compared to $35.2 million in 3Q of 2000.
Sales of Wundies and Inner Secrets totaled $56.5 million in the third quarter and $149.8 million in the first nine months.
North American sales grew 184% for the first nine months to $236.7 million compared to $83.2 million in the first nine months of 2000.
Ladies' intimate apparel reached 58% of sales in the first nine months of 2001, compared to 41% in the corresponding period in 2000.
Sales to Delta's top three customers in the US mass market totaled $46.8 million in the third quarter, representing 31.3% of sales and amounted to $117.4 million in the first nine months, representing 27.9% of sales.