Thu, Nov. 12, 7:56 AM
- Gildan Activewear (NYSE:GIL) says Q3 results fell short when a major U.S. retail customer didn't order as much inventory as expected.
- Branded apparel sales were up 1.7% to $234M during the quarter.
- The company sets full-year EPS guidance at $1.46 to $1.48 vs. $1.50 prior and $1.50 consensus.
- Shares of Gildan are down 4% over the last few trading sessions on broad concerns in the retail sector over inventory.
- Previously: Gildan Activewear EPS in-line, misses on revenue (Nov. 12 2015)
Thu, Nov. 12, 7:08 AM
Mon, Oct. 12, 10:49 AM
- Cotton prices are expected to fall sharply this year and into 2016 due to a variety of market factors - including lower demand for yarn and a drop in polyester prices.
- Companies with an eye on the level of cotton prices based on recent conference calls transcripts posted on SA include Hanesbrands (NYSE:HBI), Carter's (NYSE:CRI), Vera Bradley (NASDAQ:VRA), PVH Corp (NYSE:PVH), Williams-Sonoma (NYSE:WSM), Chico's FAS (NYSE:CHS), Express (NYSE:EXPR), L Brands (NYSE:LB), Gildan Activewear (NYSE:GIL), and The Children's Place (NASDAQ:PLCE),
Thu, Oct. 8, 11:06 AM
- There are broad gains across the apparel and footwear sectors as investors take direction from Asia where a vibrant stock market rally in China and enthusiasm over the impact of the Trans-Pacific Partnership agreement has reset some expectations.
- The positive vibe on Asia is also providing a lift to the sensitive personal products sector.
- Gainers: Nike (NYSE:NKE) +1.6%, Deckers Outdoor (NYSE:DECK) +2.1%, Crocs (NASDAQ:CROX) +1.9%, VF Corp (NYSE:VFC) +1.5%, Steven Madden (NASDAQ:SHOO) +2.0%, Foot Locker (NYSE:FL) +2.4%, Caleres (NYSE:CAL) +1.9%, Iconix Brand Group (NASDAQ:ICON) +1.8%, Gildan Activewear (NYSE:GIL) +1.3%, Avon Products (NYSE:AVP) +2.9%, Coty (NYSE:COTY) +1.9%, Nu Skin (NYSE:NUS) +1.6%.
- With major U.S. indexes all in negative territory, consumer products stocks are defying the trend. The S&P Retail ETF (NYSEARCA:XRT) is up 1.0%, the S&P Consumer Staples (NYSEARCA:XLP) is +0.4%, and the iShares Dow Jones US Consumer Goods ETF (NYSEARCA:IYK) is +0.6%.
- Previously: Apparel stocks break out of the pack (Oct. 08 2015)
Fri, Jul. 31, 7:35 AM
- Gildan Activewear (NYSE:GIL) reports branded apparel segment sales rose 12.3% to $236.4M.
- Printwear segment sales -1.2% to $477.8M.
- Gross margin rate -130 bps to 26.7% as lower selling prices factored in.
- SG&A expense rate +90 bps to 11.2%/
- Operating margin -270 bps to 14.9%.
- The company says margins should improve as lower manufacturing and cotton costs contribute.
- Previously: Gildan Activewear misses by $0.02, misses on revenue
Fri, Jul. 31, 7:28 AM
Fri, Jul. 31, 7:28 AM
Thu, Jul. 30, 5:30 PM
Thu, May 14, 8:07 AM
- Gildan Activewear (NYSE:GIL) reports a 25% rise in International printwear sales.
- Printwear sales increased 13.9% to $431.3M due to strong unit sales volume growth in U.S. and international printwear markets and more favourable product-mix.
- Branded Apparel sales grew 20.3% to $204.9M due to organic sales growth of Gildan and Gold Toe branded programs, as well as licensed and global lifestyle brands and the acquisition of Doris.
- Gross margin rate declined 590 bps to 22%.
- Operating margin rate fell 570 bps to 9.6%.
- Q2 Guidance: Net sales: ~$750M; Adjusted EPS: $0.43 to $0.45.
- FY2015 Guidance: Net sales: slightly inexcess of $2.65B; Printwear sales: ~+12%; Branded Apparel: excess of 20% growth; Adjusted EBITDA: $525M to $545M; Adjusted EPS: $1.50 to $1.55; Capex: ~$250M to $300M.
Thu, May 14, 7:08 AM
Wed, May 13, 5:30 PM
Thu, Apr. 30, 10:16 AM
- Under Armour (UA -0.7%) is making a bigger push into underwear with new products and increased advertised.
- The company is looking to increase market share in the category through an Iso-Chill fabric for its boxerjocks.
- Despite heavy competition from well-known brands, Under Armour has proved to be disruptive before to pressure larger companies.
- Underwear sellers: Hanes (NYSE:HBI), Fruit of the Loom (Berkshire Hathaway), Calvin Klein (NYSE:PVH), Jockey (private), SKNY (PVH), Gildan (NYSE:GIL).
Wed, Apr. 29, 3:45 PM
Mon, Apr. 6, 10:40 AM
- Gildan Activewear (GIL +4.3%) spikes higher on solid volume.
- The company hasn't issued any news to spark the buying.
- The investment community is strongly bullish on the stock with 11 Buy ratings and 2 Strong Buy ratings on the book off of coverage from 17 firms.
- Shares of Gildan are at a 52-week high.
Tue, Feb. 24, 11:23 AM
- Data from NPD Group confirms that athleisure and casualwear are providing the strongest growth in the fashion industry.
- Apparel sales growth was flat Y/Y in 2014 at $208.3B.
- Footwear sales +2% to $62B.
- Accessories +2% to $52.7B.
- Categories with strong demand included sports bras, polo/golf/rugby tops, children's footwear, sports jerseys, handbags, leggings, and jewelry accessories.
- NPD says an "underlying sense of rebellion" driven by millennials is a major factor in the sector.
- Apparel/footwear stocks: CROX, DECK, WWW, SHOO, SKX, SCVL, BWS, FL, FINL, NKE, KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, OXM, HBI, VNCE, PERY, ICON.
Fri, Feb. 20, 9:52 PM
- Some false alarms earlier, but the AP reports (and union spokesmen and the PMA started confirming) that agreement has been reached with West Coast dockworkers.
- The deal would end a nine-month negotiation that has led to significant slowdowns at 29 West Coast U.S. ports. Labor Secretary Thomas Perez urged the PMA and union workers to come to agreement today.
- The contract still needs union ratification.
- Affected furniture stocks: RH, PIR, HVT, BBBY, ETH, HOFT, OTCQB:BEST, W, LZB, OTCPK:LEFUF, BSET.
- Apparel stocks: KATE, ANN, LULU, PVH, VNCE, CRI, UA, HBI, VFC, COLM, GIL, SQBG, JCP, KSS, DDS, M, JWN, ARO, AEO, ANF, WTSL, TLYS, CACH, ZUMZ, PSUN, EXPR, BKE, GIII, SQBG, HBI, VRA, ICON, SHOO, BWS, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
- Previous coverage of the slowdown
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