Gildan Activewear Inc reported net sales of $891 million in Q3 2024, up 2.4 per cent year-on-year, with a 370-basis point increase in gross margin to 31.2 per cent due to lower material costs.
Operating income was $193 million, impacted by expenses related to leadership changes.
Adjusted EPS for 2024 is expected between $2.97 and $3.02, up 15.5-17.5 per cent annually.Gildan Activewear Inc reported net sales of $891 million in Q3 2024, up 2.4 per cent year-on-year, with a 370-basis point increase in gross margin to 31.2 per cent due to lower material costs.
Operating income was $193 million, impacted by expenses related to leadership changes.
Adjusted EPS for 2024 is expected between $2.97 and $3.02, up 15.5-17.5 per cent annually.