Bullboard - Stock Discussion Forum Gildan Activewear Inc T.GIL

Alternate Symbol(s): GIL

Gildan Activewear Inc. is a vertically integrated manufacturer of everyday basic apparel, including activewear, underwear, and hosiery products. The Company’s primary product categories include activewear tops and bottoms (activewear), socks (hosiery), and underwear tops and bottoms (underwear). Its activewear product lines include T-shirts, fleece tops and bottoms, sports shirts, polos and... see more

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Gildan Activewear Inc > Gildan Activewear Reports Record Results

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Post by Betteryear2 on May 04, 2022 4:35pm

Gildan Activewear Reports Record Results

(all amounts are in U.S. dollars except where otherwise indicated)
(1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release

Record first quarter sales of $775 million, up 31% over prior year driven by strong demand
Operating margin of 20.9%, adjusted operating margin1 of 20.4% up from 18.7% last year
Record GAAP diluted EPS of $0.77, adjusted diluted EPS1 of $0.76 up 58% over Q1 2021
Continued execution on capital allocation priorities, including more than 5 million shares repurchased in the quarter
Sustainability-Linked Loan launched during the first quarter reinforcing strong commitment to ESG targets

MONTREAL, May 04, 2022 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended April 3, 2022.

Gildan Activewear Reports Record Results for the First Quarter of 2022

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