Gildan Activewear Q3 net sales improve 5.3 percent

Gildan Activewear Inc. for its third quarter ended September 30, 2018 recorded total sales growth of 5.3 percent to 754.4 million dollars driven by a 12.1 percent increase in activewear sales, partly offset by a 16.6 percent decline in the hosiery and underwear category, which the company said was, despite the impact of Hurricane Florence that limited shipments during September. Adjusted diluted EPS of 0.57 dollar was up 7.5 percent over the same quarter last year.