Gildan Activewear news and archive

Gildan Activewear names Vince Tyra CEO

Gildan Activewear Inc. (GIL), an apparel manufacturer, Friday announced the appointment of Vince Tyra as its chief executive officer and president, effective February 12. Tyra will take over from the previous CEO and co-founder of the company, Glenn Chamandy, who was ousted from the firm after 20 years at the helm. Previously, Vince Tyra grew...

Business

Gildan Activewear Inc. reports rise in Q4 bottom line

Gildan Activewear Inc. (GIL.TO) reported a profit for its fourth quarter that increased from last year. The company's bottom line totaled 173.9 million dollars, or 0.89 cents per share. This compares with 67.4 million dollars, or 0.34 cents per share, in last year's fourth quarter. Excluding items, Gildan Activewear Inc. reported adjusted...

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Gildan Activerwear swings to profit in Q1

Net sales for the first quarter at Gildan Activewear Inc. of 589.6 million dollars were up 28.4 percent compared to the first quarter of 2020, consisting of activewear sales of 484.6 million dollars, up 30.1 percent and sales of 105 million dollars in the hosiery and underwear category, up 21.4 percent. “Our first quarter results reflected a...

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Gildan Activerwear: Covid-19 leads to sharp decline in Q1 sales and earnings

Sales for the first quarter at Gildan Activerwear Inc., of 459.1 million dollars, were down 26.4 percent compared to the prior year quarter, comprised of activewear sales of 372.6 million dollars and sales in the hosiery and underwear category of 86.5 million dollars, down 24.5 percent and 33.7 percent, respectively. The company said in a...

Business

Gildan Activewear revenue drops 11.3 percent for Q4

Gildan Activewear reported its net profit for Q4 decreased on Thursday. Compared with the same period last year, revenues also slipped by 11.3 percent. For Q4, the company's net profit was 32.5 million dollar, dropped from 59.6 million dollar last year. Revenues slipped to 658.7 million dollar. Compared to 8 percent a year ago, the profit margin...

Business

Gildan lowers full year outlook on weak Q3 results

Gildan Activewear Inc. expects to report GAAP diluted earnings per share for the third quarter ended September 29, 2019 of approximately 51 cents and adjusted diluted EPS of approximately 53 cents, both down 7 percent over the third quarter of 2018 compared to previous guidance of flat EPS growth. The company said in a statement that sales for...

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Gildan Activewear posts positive Q4, raises dividend by 20 percent

Announcing its financial results for the fourth quarter and full year, Gildan Activewear Inc. said strong performance in the fourth quarter reflected an increase of 16 percent in GAAP diluted EPS and an increase of 39 percent in adjusted diluted EPS, driven by sales growth of approximately 14 percent and a 230 basis point improvement in adjusted...

Business

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...

People

Gildan Activerwear announces election of directors at AGM

Gildan Activewear Inc. has announced that the twelve nominees proposed as directors in its management proxy circular dated March 7, 2018 were elected as directors of the company by a majority of the votes cast by the shareholders present in person or represented by proxy at its annual meeting of shareholders held on May 3, 2018 in Montréal. The...

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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...

Business

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...