Canada’s Gildan Activewear reports net sales of $3,196 mn in FY23

Gildan Activewear’s FY23 sales hit $3,196 million, down 1 per cent.
Activewear sales fell 3 per cent.
The company’s international sales dropped 17 per cent, with gross margin at 27.5 per cent.
FY23 operating income reached $644 million, net earnings were $534 million.
Q4 sales grew 9 per cent to $783 million, with Q4 EPS at $0.89, up 89 per cent.Gildan Activewear’s FY23 sales hit $3,196 million, down 1 per cent.
Activewear sales fell 3 per cent.
The company’s international sales dropped 17 per cent, with gross margin at 27.5 per cent.
FY23 operating income reached $644 million, net earnings were $534 million.
Q4 sales grew 9 per cent to $783 million, with Q4 EPS at $0.89, up 89 per cent.