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.
Dec. 5, 2014, 10:48 AM| Dec. 5, 2014, 10:48 AM | 1 Comment
Jun. 12, 2012, 1:04 PM
Feb. 9, 2012, 10:11 AMShares of Gildan Activewear (GIL +6.5%) show strength after the firm's FQ1 loss was narrower than analysts expected. CFO Laurence Sellyn cuts right to the chase during the firm's earnings CC, highlighting that higher cotton costs in FQ1 negatively impacted EPS by close to $0.45 per share. | Feb. 9, 2012, 10:11 AM | Comment!
Feb. 8, 2012, 5:58 PM
Dec. 1, 2011, 10:16 AMThe plunge in Gildan Activewear (GIL -28.8%) shares accelerates, after the clothing maker's warning of an FQ1 loss of $0.40/share due to high cotton prices and anticipated lower activewear sales volumes on top of its FQ4 15% profit drop. Shares of rival Hanesbrands (HBI -5%) also slide. | Dec. 1, 2011, 10:16 AM | Comment!
Dec. 1, 2011, 7:46 AMMore 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) | Dec. 1, 2011, 7:46 AM | Comment!
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