Gildan Q3 adjusted EPS up 6 percent, increases full year outlook

Gildan Activewear generated growth in earnings per shareduring the third quarter, with EPS of 0.52 dollar and adjusted EPS of 0.53 dollar up 6 percent compared to the prior year. The company said, stronger than expected adjusted EPS was due to more favourable product mix in printwear, earnings contribution from the impact of the American Apparel transaction, and lower income taxes, partly offset by lower than expected branded apparel sales, reflecting the continuation of a challenging retail market.