top shadow

Trade Readers:
I am a Manufacturer’s Rep
I am a Distributor
I am a Textile Supplier
I am a Banker or Factor
I am an OEM Producer
I want to receive more info from this company about its products
I want to receive a catalog from this company
I want to learn more about carrying this brand in my store; have them contact me
I would like to become a manufacturer’s representative for this company; have them contact me
I want to comment on this brand
I am a store owner/buyer who would recommend this brand to other stores

Consumer Readers:
I am a consumer who wants to purchase garments from this company; have someone contact me
I am a consumer who wants to know how/where to purchase this product

I am a consumer who would like a consumer catalog, if you provide one
I am a consumer who would recommend this brand

current news

Gildan’s 3q Profit Jumps 45%

(Filed Under Financial and General Interest News). Gildan Activewear Inc. posted a third-quarter profit of $94.1 million, or 77 cents a share, up from $64.7 million, or 53 cents a share, in comparable period of 2010.

Despite the company’s better-than-expected earnings, Gildan did lower its full-year guidance to approximately $2 a share on sales of $1.7 billion, down from projected earnings of $2.10 a share on sales of $1.8 billion. The activewear producer also stated it initiated promotional discounting in the U.S. market to stimulate industry demand.

Net sales increased 34 percent to $529.8 million, while gross margin came to 28.3 percent, versus 27.1 percent in last year’s third quarter.

Gildan stated fourth-quarter expectations of revenue slightly below $500 million with earnings close to 40 cents per share and a gross margin of 22 percent.

Montreal, Quebec-based Gildan Activewear Inc. is a vertically integrated manufacturer of basic apparel with a presence in Canada, the U.S., Europe, Mexico and the Asia-Pacific region.

more Financial and General Interest News >>

Published 10-10-2011 by Katherine Rautenberg

Related Articles

Gildan Activewear Sales +3.8%, Income +13.7%
Q2 Gildan Sales Fell 3.5%, Net Income 4.7%
Gildan Buying Peds Legwear For $55 Million
Gildan Activewear Agrees To Acquire Doris
Gildan Activewear Buys T-Shirt Maker Anvil
Gildan’s 3q Profit Jumps 45%
Gildan Closes on Gold Toe Acquisition
Gildan to Acquire Gold Toe Moretz
Gildan Q1 Increase Boosted by Activewear
Gildan 2Q Sales Up 33.5%

Comment on this article, brand or product

Disclaimer: The views expressed in comments published on are those of the comment writers alone. They do not represent the views or opinions of Bodymagazine or its staff.

NOTE: Your Email will not be displayed.

Follow BODY on:
twitter FaceBook RSS
Share this article on:
Digg Reddit Stumble

Contact Information: (718)676-4444
Copyright © 2017 Fashion Market Magazine Group, Inc. All rights reserved.
All photos Copyright © 2000-2018 Nick Monjo & Fashion Market Magazine Group. All rights reserved.
Please email any website related issues to
bottom shadow