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More on Gildan Activewear's (GIL) FQ4 report: Weak U.S. distributor shipments are blamed for the...
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Thursday, December 1, 2011, 7:46 AM ETMore on Gildan Activewear's (GIL) FQ4 report: Weak U.S. distributor shipments are blamed for the FQ4 revenue shortfall. Citing weak selling prices and "excess producer inventories," the company expects FQ1 revenue of just $300M and EPS of -$0.40 in FQ1 2012, well below a consensus of $451.1M and $0.29. GIL -10.1% premarket. (PR)
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