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Gildan Activewear May Reactivate Growth Potential

Apr. 12, 2021 2:55 AM ETGildan Activewear Inc. (GIL), GIL:CA


  • The sustained performance of Gildan Activewear Inc. shrank with the contraction of its operations and dropping of net income.
  • Dividend payments suddenly stopped and may not resume as long as the current situation persists.
  • Despite the unimpressive financial report, the optimism of investors and analysts remains evident with the bullish pattern of the stock price.
  • The reopening of the economy will play a big role in reinvigorating and restabilizing its operations and of the whole sports and sportswear industry.

American Apparel Begins Laying Off Workers Ahead Of Closing
Photo by Justin Sullivan/Getty Images News via Getty Images

Gildan Activewear Inc. (NYSE: NYSE:GIL) did not thwart the adverse effects of the pandemic as its financials slumped and dividend payments stopped and became uncertain. Despite this, hopes for its swift recovery and

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