Gildan Activewear cuts 2019 guidance on weaker results [Business News Network (BNN) Energy & Resources (Canada)]
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: Business News Network
Gildan Activewear cuts 2019 guidance on weaker results MONTREAL - Gildan Activewear Inc. has cut it 2019 guidance after warning that its third-quarter results will be lower on weaker demand for imprintable apparel in North America and internationally. The low-cost producer says it expects to report Oct. 31 that earnings will decrease about seven per cent to 51 cents US per share for the period ended Sept. 29 and about 53 cents on an adjusted basis. Sales are expected to be down two per cent to about US$740 million, including US$620 million of active wear sales and US$120 million from hosiery and underwear sales. The Montreal-based company said on Aug. 1 that its adjusted EPS would be flat on about five per cent sales growth. As a result of the revised guidance, it is cutting its full-year guidance to reflect a sales shortfall about US$50 million in the third quarter and continued weakness in the fourth quarter that will cut sales by about US$70 million. Distributor inventory reduction
Show less
Read more
Impact Snapshot
Event Time:
GIL
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
GIL alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
GIL alerts
High impacting Gildan Activewear, Inc. Class A Sub. Vot. news events
Weekly update
A roundup of the hottest topics
GIL
News
- Gildan Announces Private Offering of C$700 Million Senior Unsecured Notes [Canadian Business Journal (Canada)]Canadian Business Journal
- Gildan Announces Private Offering of C$700 Million Senior Unsecured NotesGlobeNewswire
- Should You Buy Gildan Activewear Inc. (TSE:GIL) For Its Upcoming Dividend? [Yahoo! Finance]Yahoo! Finance
- GIL vs. KTB: Which Stock Is the Better Value Option? [Yahoo! Finance]Yahoo! Finance
- Gildan Activewear Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
GIL
Earnings
- 10/31/24 - Beat
GIL
Sec Filings
- 11/21/24 - Form 6-K
- 11/12/24 - Form SCHEDULE
- 11/5/24 - Form 144
- GIL's page on the SEC website