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Stock impact report

Gildan Activewear Announces Preliminary Third Quarter 2019 Results and Updates 2019 Full Year Guidance

Gildan Activewear, Inc. Class A Sub. Vot. (GIL) 
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm Check Earnings Report
US:NYSE Investor Relations: gildancorp.com/investors-landing-page
Company Research Source: GlobeNewswire
Weaker than expected imprintable demand in North America and ongoing softness in international imprintable markets negatively impacts third quarter results and full year outlook (1) Please refer to "Non-GAAP financial measures" in this press release. (all amounts are in U.S. dollars except where otherwise indicated) MONTREAL, Oct. 17, 2019 (GLOBE NEWSWIRE) --  Gildan Activewear Inc. (GIL: TSX and NYSE) today announced that it expects to report GAAP diluted EPS for the third quarter ended September 29, 2019 of approximately $0.51 and adjusted diluted EPS1 of approximately $0.53, both down 7% over the third quarter of 2018.  Sales for the third quarter are expected to be approximately $740 million, down 2% over the same quarter last year, reflecting estimated activewear sales of $620 million and sales of $120 million in the hosiery and underwear category.  The Company’s previous guidance provided on August 1, 2019 called for adjusted diluted EPS growth to be flat in the third quart Show less Read more
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