gildan activerwear news and archive

Gildan Activerwear reports Q1 earnings per share of 0.31 dollar

Gildan Activewear Inc. has said that its first quarter performance was largely in line with its expectations and the company is on track to attain its full year financial targets. Net earnings for the quarter were down to 0.31 dollar per share on a diluted basis, in the quarter. Net sales of 647.3 million dollars in the quarter, down 2.7 percent...

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Gildan Activewear announces two board of director nominations

Gildan Activewear’s board of directors has nominated Shirley E. Cunningham and Patrik Frisk as director nominees to be voted on by the company’s shareholders at its upcoming annual meeting of shareholders to be held on May 4, 2017 in Montreal, Quebec. Cunningham is currently Executive Vice-President and Chief Operating Officer, Ag Business and...

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Gildan to acquire Peds Legwear

Gildan Activewear has entered into a definitive agreement to acquire 100 percent of the equity interest of Peds Legwear for a total cash consideration of 55 million dollars. The company currently generates annual sales of approximately 80 million dollars supported by sourced production and company-owned manufacturing and distribution facility in...

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Gildan returns to profit, reflects positive outlook for 2016

Gildan Activewear has said that its fourth quarter sales and earnings were in-line with the company’s previously projected guidance, despite the impact of unseasonably warm weather and a weak holiday season in retail. The company also announced guidance, reflecting higher sales and earnings for 2016. In addition, the company also announced a 20...