Clothing company posts record quarter, and the reason Cal's profit was sharply cut
Globes brings the stories of the reporting season on the Tel Aviv Stock Exchange that you may have missed. Delta Galil presents a record quarter with a 15% increase in sales. Cal summarizes the first…
Assessment
Two contrasting corporate stories emerge from the Tel Aviv Stock Exchange earnings season. Delta Galil posted record quarterly results with 15% sales growth, signaling continued strength in the apparel sector. Meanwhile, Cal credit card company saw sharp net profit decline despite rising revenues, raising questions about cost pressures or provisioning under new CEO Yafit Geryani. Investors should watch whether Cal's profitability issues are temporary or structural.