TSXV:RET - Post Discussion
Post by
nozzpack on May 03, 2023 6:19pm
Gildanware Outlook
Just released Q1..
Outlook
We are reconfirming our full year outlook as we continue to believe we have the ability to drive top line growth in 2023.
While the economic environment remains uncertain and we are seeing continued cautiousness on inventory levels with our customer base across channels, our POS trends were in line with our expectations for the first quarter.
Accordingly, given this performance, and factoring-in the expected roll-out of new incremental retail programs and assuming continued POS recovery in international markets, we believe opportunity for growth remains once first half headwinds abate.
These headwinds include difficult comparative periods driven by post pandemic inventory replenishment in 2022 and the impact of peak raw material and higher input costs in our inventories flowing through cost of sales in the first half of 2023.
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