tiprankstipranks
Trending News
More News >

Delta Galil Reports Strong 2024 Financial Performance with Record Sales

Story Highlights
Delta Galil Reports Strong 2024 Financial Performance with Record Sales

Confident Investing Starts Here:

The latest update is out from Delta Galil ( (IL:DELG) ).

Delta Galil, a company operating in a dynamic market environment, announced its 2024 financial results, highlighting strong growth across various segments. The company achieved record sales of $2,045.7 million, a 10% increase from the previous year, and a gross profit margin of 41.9%. Strategic investments in new technologies and partnerships have bolstered its performance, with significant contributions from its owned brands and private label segments. The company also reported a robust operating cash flow and aims to streamline operations through strategic manufacturing hubs, anticipating cost efficiencies and savings.

More about Delta Galil

YTD Price Performance: 3.03%

Technical Sentiment Consensus Rating: Sell

Current Market Cap: $1.53B

Learn more about DELG stock on TipRanks’ Stock Analysis page.

Disclaimer & Disclosure

Looking for a trading platform? Check out TipRanks' Best Online Brokers guide, and find the ideal broker for your trades.

Report an Issue

Looking for investment ideas? Subscribe to our Smart Investor newsletter for weekly expert stock picks!
Get real-time notifications on news & analysis, curated for your stock watchlist. Download the TipRanks app today! Get the App