Home Street Fashion Canada’s Gildan projects low-single digit revenue growth in FY24

Canada’s Gildan projects low-single digit revenue growth in FY24

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Gildan Activewear forecasts FY24 revenue growth from flat to low-single digits, with adjusted operating margin above 18-20 per cent.
Capital expenditures will be about 5 per cent of sales.
Adjusted EPS is expected between $2.92 and $3.07, up 13.5 per cent to 19.5 per cent from FY23.
Q1 FY24 sales are projected at $695 million, down 1 per cent.Gildan Activewear forecasts FY24 revenue growth from flat to low-single digits, with adjusted operating margin above 18-20 per cent.
Capital expenditures will be about 5 per cent of sales.
Adjusted EPS is expected between $2.92 and $3.07, up 13.5 per cent to 19.5 per cent from FY23.
Q1 FY24 sales are projected at $695 million, down 1 per cent.