Gildan Activewear Inc.NYSE
Wed, Aug. 10, 9:58 AM
- Results from Fossil (FOSL +5.3%) and Ralph Lauren (RL +8.2%) that came in ahead of some beat-down expectations are helping to provide a lift to other names in the apparel sector. The rally is focused primarily on higher-end sellers.
- Cost streamlining helped to cut into weak tourism and F/X trends.
- Notable gainers include Hanesbrands (HBI +3.6%), PVH Corp (PVH +1%), Luxottica (LUX +1.9%), Kohl's (KSS +2.3%), VF Corp (VFC +1.2%), Guess (GES +1.2%), G-III Apparel (GIII +1.7%), Gildan Activewear (GIL +0.8%), and Vera Bradley (VRA +1.5%).
Wed, Jul. 27, 7:27 AM
- Gildan Activewear (NYSE:GIL) announces that it acquired Peds Legwear for $55M.
- Peds sells foot apparel and legwear products. The company generates about $80M in annual revenue.
- The acquisition is expected to close before the end of August.
- Source: Press Release
- Previously: Gildan Activewear misses by $0.01, misses on revenue (July 27)
- Previously: Gildan Activewear battles through lower selling prices (July 27)
Wed, Jul. 27, 7:01 AM
- Gildan Activewear (NYSE:GIL) reports sales fell 1.4% for its Printwear segment to $471.2M and 7.9% to $217.6M in the Branded Apparel segment in Q2.
- Lower selling prices and the company's decision to exit certain private label programs contributed the drop in sales. The acquisition of Alstyle added $19.5M to Gildan's revenue tally.
- Gildan's gross margin rate improved 70 bps to 27.4%, with lower input costs and raw material expenses helping to offset the lower level of prices.
- Gildan expects full-year EPS of $1.50-$1.55 vs. $1.50-$1.60 prior. Capex spending of $150M to $175M is anticipated.
- Previously: Gildan Activewear misses by $0.01, misses on revenue (July 27)
- GIL +0.08% premarket to $31.04.
Wed, Jul. 27, 6:48 AM
Tue, Jul. 26, 5:30 PM
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Sat, May 14, 11:01 AM
- The retail sector stays in focus next week with Target (NYSE:TGT), Wal-Mart (NYSE:WMT), TJX Companies (NYSE:TJX), and Ross Stores (NASDAQ:ROST) all due to report on Q1 earnings to follow on a week of dismal reports and guidance from the department store sector (Nordstrom, L Brands, Macy's, Kohl's). Home improvement chains Home Depot (NYSE:HD) and Lowe's (NYSE:LOW) are also due to spill numbers.
- The story from the Commerce Department's April read of retail sales (+3.0% Y/Y, +1.3% M/M) is one of a consumer spending on housing, entertainment, and personal care/fitness over apparel and general merchandise. The 10% Y/Y gain in the nonstore retailer category also tipped that the Amazon (NASDAQ:AMZN) Effect is magnifying.
- Amplify ETFs CEO Christian Magoon tells Seeking Alpha that the traditional retail model appears to be broken. Amplify's Online Retail ETF (NASDAQ:IBUY) is a bet on companies such as Netflix (NASDAQ:NFLX), GrubHub (NYSE:GRUB), Blue Nile (NASDAQ:NILE), and Shopify (NYSE:SHOP) that are reeling in millennial dollars.
- Magoon on retail: "Traditional retailers face the headwinds of higher cost structures including the very real threat of increasing wages in the form of the $15 minimum wage campaign. Less flexible with inventory management, they also are more vulnerable to issues like weather and changing consumer preferences."
- Retail ETFs: XLP, XLY, VDC, XRT, VCR, RTH, RETL, FXG, PBJ, IYK, FXD, IYC, RHS, FDIS, PEJ, FSTA, PSL, SCC, RCD, UCC, PEZ, PMR, PSCC, UGE, PSCD, SZK, BITE.
- 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, PERY, DXLG, BONT, GES, URBN, RL,GIL, NKE, OXM, HBI, VNCE, PERY, ICON, FL.
Wed, May 4, 5:07 PM
- Gildan Activewear (NYSE:GIL): Q1 EPS of $0.28 in-line.
- Revenue of $593.3M (-6.7% Y/Y) misses by $24.08M.
- Shares +0.13% AH.
Tue, May 3, 5:35 PM
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Fri, Feb. 26, 3:40 PM
- Gildan Activewear (GIL +3.4%) announces it plans to buy back up to 4.025M shares through private arrangements with arm's-length third-party sellers.
- The company says the selling price will be at a discount to the prices of Gildan's shares on the Toronto Stock Exchange.
Wed, Feb. 24, 8:14 AM
- Gildan Activewear (NYSE:GIL) reports ~20% rise in unit shipments in International printwear.
- Printwear sales increased 77.7% to $284.9M due to strong unit sales volume growth in the U.S. and Canada, the acquisition of Comfort Colors and higher shipments in international markets.
- Branded Apparel sales grew 12.4% to $258.9M due to increase in sales in all product categories.
- Gross margin rate increased 1560 bps to 26.6%.
- SG&A expense rate fell 700 bps to 13.4%.
- Inventories -4.1% to $851M.
- FY2016 Guidance: Net sales: in excess of $2.6B; Printwear sales: in excess of $1.6B; Branded Apparel: in excess of $1B; Adjusted EBITDA: $545M to $570M; Adjusted EPS: $1.50 to $1.60.
- GIL -2.81% premarket.
- Q4 results
Wed, Feb. 24, 7:09 AM
- Gildan Activewear (NYSE:GIL): Q4 EPS of $0.28 in-line.
- Revenue of $543.8M (+39.2% Y/Y) beats by $37.95M.
Tue, Feb. 23, 5:30 PM
Fri, Feb. 19, 11:53 AM
- The apparel sector is on shaky ground after weak earnings reports from VF Corp. and Nordstrom set the tone.
- Weather and F/X dinged VF Corp. more than expected, while Nordstrom was whacked by promotions and a higher mix of e-commerce.
- Notable decliners include Carter's (CRI -3.9%), PVh Corp. (PVH -2.7%), Kate Spade (KATE -2.8%), Gildan Activewear (GIL -2.1%), Hanesbrands (HBI -3.5%), Gap (GPS -1.1%), Lululemon (LULU -1.1%), Urban Outfitters (URBN -2%), Genesco (GCO -2%), and Sequential Brands Group (SQBG -1.1%).
Nov. 12, 2015, 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)
Nov. 12, 2015, 7:08 AM
- Gildan Activewear (NYSE:GIL): Q3 EPS of $0.52 in-line.
- Revenue of $674.5M (+1.3% Y/Y) misses by $28.29M.
Oct. 12, 2015, 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),