Gildan Activewear posts 11.2 percent sales growth in Q4

Gildan Activewear Inc. reported a sales growth of 11.2 percent in the fourth quarter, driven primarily by 27.6 percent or 22.5 percent organic sales growth in printwear in the quarter, excluding the impact of the American Apparel acquisition early in 2017. Gildan also announced the implementation of an organizational realignment and related executive management changes, 20 percent increase in the amount of its quarterly dividend and the renewal of its normal course issuer bid to repurchase up to 5 percent of its issued and outstanding common shares.