Delta Apparel, Inc. (DLA) has reported a 45.64 percent plunge in profit for the quarter ended Oct. 01, 2016. The company has earned $2.30 million, or $0.29 a share in the quarter, compared with $4.24 million, or $0.53 a share for the same period last year.

Revenue during the quarter dropped 4.85 percent to $114.37 million from $120.19 million in the previous year period. Gross margin for the quarter contracted 95 basis points over the previous year period to 20.90 percent. Total expenses were 96.55 percent of quarterly revenues, up from 95.75 percent for the same period last year. That has resulted in a contraction of 80 basis points in operating margin to 3.45 percent.

Operating income for the quarter was $3.95 million, compared with $5.11 million in the previous year period.

Robert W. Humphreys, Delta Apparel, Inc.'s chairman and chief executive officer, commented, "We are pleased with our fourth quarter financial and operational results, and are excited about what our accomplishments mean for the future of the Company. Over the last two years we have taken decisive action to reduce our fixed cost structure, streamline our business operations, and lower our production costs. By focusing on key growth areas, we successfully navigated through a tough retail environment and our fourth quarter highlights the momentum we have headed into fiscal year 2017."