Delta Galil Industries, the Tel Aviv-headquartered manufacturer and marketer of branded and private label apparel products, leisurewear, activewear and denim, has recorded record financial results for the fourth quarter and full year ended December 31, 2021.

“We are very pleased to have completed 2021 with an exceptional quarter, reflecting the successful execution of our growth strategy,” said CEO Isaac Dabah. “Throughout the year, we consistently delivered higher sales and better profitability, as demonstrated by quarter four representing our fourth consecutive quarter of record revenues and sixth consecutive quarter of record operating margin. We concluded the year with strong growth in all channels, geographies and segments, and expect momentum to continue in 2022. With a solid foundation in place and enhanced performance of our growth engines, we will continue to invest in our technology, manufacturing and distribution infrastructure to support our growth needs.”

Quarter four 2021 sales rose 26% to a record $570 million, compared to $459.7 million in the fourth quarter of 2020 and net profit increased 92% to a record $45.5 million, compared to $23.7 million.

The company’s full-year 2022 sales are now expected to range between $2,082 million and $2,135 million, representing an increase of 7-9%, compared to 2021 sales of $1,951 million. Full-year 2022 net income is expected to range between $138 million and $145 million, representing an increase of 11%-17% from 2021 net income of $124.2 million.

Delta Galil develops seamless apparel including bras, shapewear and socks, intimate apparel for women, extensive lines of underwear for men and branded men’s underwear including the brands Schiesser, Eminence, Athena & Liabel, babywear, activewear, sleepwear such as the PJ Salvage brand, and leisurewear. The company also designs, develops markets and sells branded denim and apparel under the brand 7 For All Mankind, and ladies apparel under the brand Splendid. In addition, it sells its products under brand names licensed to the company, including Wilson, Spalding, Columbia, Tommy Hilfiger and others.

www.deltagalil.com