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Gildan Activewear news and archive

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Business

Gildan posts slight sales increase, reaffirms outlook

Canadian activewear retailer Gildan reported net sales of 712 million dollars, a 2.3 percent increase compared to the prior year, while adjusted net earnings of 89.8 million dollars were down 9.4 percent. The company's activewear sales saw a 9 percent rise, driven by higher sales volumes and a favourable product mix in North America. However,...

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Business

Gildan Activewear posts revenue growth, unveils leadership changes

Gildan Activewear capped off its 40th anniversary year with strong financial results, including 3.3 billion dollars in revenue, a 2 percent increase, a 21.3 percent adjusted operating margin, and 17 percent adjusted diluted EPS growth, all in line with guidance. The company also announced executive leadership changes as part of a multi-year...

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