(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release   Record third quarter net sales of $891 million, up 2.4% vs. the prior yearOperating margin of 21.7%, adjusted operating margin1 of 22.4%GAAP diluted EPS of $0.82 and record third quarter adjusted diluted EPS1 of $0.85Cash flow from operations of $178 million and free cash flow1 of $149 millionRecord quarterly return of $404 million t ...

MONTREAL, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 third quarter results on Thursday, October 31st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 7966565#. A replay will be available for 7 days starting at 12: ...

Have you been paying attention to shares of Gildan Activewear (GIL) ? Shares have been on the move with the stock up 4.2% over the past month. The stock hit a new 52-week high of $47.76 in the previous session. Gildan Activewear has gained 43.6% since the start of the year compared to the 5.1% move for the Zacks Consumer Discretionary sector and the -17.8% return for the Zacks Textile - Apparel industry. What's Driving the Outperformance? The stock has a great record of positive earnings surprises, as it ha ...

Group 1: Momentum Investing Overview - Momentum investing involves following a stock's recent trend, with the aim of buying high and selling higher, capitalizing on established price movements [1] - The Zacks Momentum Style Score helps investors identify effective metrics for momentum, addressing the challenges in defining momentum [2] Group 2: Gildan Activewear (GIL) Performance - Gildan Activewear currently holds a Momentum Style Score of B and a Zacks Rank of 2 (Buy), indicating strong potential for performance [3][4] - Over the past week, GIL shares increased by 0.26%, while the Zacks Textile - Apparel industry declined by 1.1% [6] - In the last month, GIL's price rose by 5.91%, outperforming the industry's 0.73% [6] - GIL shares have risen by 21% over the past quarter and 62.88% over the last year, significantly outperforming the S&P 500's gains of 4.49% and 34.55%, respectively [7] Group 3: Trading Volume and Earnings Outlook - GIL's average 20-day trading volume is 488,660 shares, which serves as a bullish indicator when combined with rising stock prices [8] - Recent earnings estimate revisions show one upward revision for the current fiscal year, increasing the consensus estimate from $2.92 to $2.93 [10] - For the next fiscal year, one estimate has also moved upwards, with no downward revisions noted [10]

Investors interested in stocks from the Textile - Apparel sector have probably already heard of Gildan Activewear (GIL) and Lululemon (LULU) . But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out. Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The proven Zacks Rank puts an emphasis on earnings estimat ...

MONTREAL, Sept. 12, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) announces today that Glenn J. Chamandy, President & Chief Executive Officer and Rhodri J. Harries, Executive Vice-President, Chief Financial and Administrative Officer will participate in a fireside chat and one-on-one meetings with investors at the 28th Annual Scotiabank Back to School Conference in Toronto on Wednesday, September 18, 2024. About Gildan Gildan is a leading manufacturer of everyday basic apparel. The Com ...

Fadyukhin/E+ via Getty Images Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL:CA) stock is awarded a Buy rating. GIL's second quarter bottom line expanded significantly by +17.5% YoY, which was equivalent to a +2.3% beat. The stock is undervalued based on an assessment of its forward P/E multiple and its intermediate term earnings outlook. I wrote about Gildan Activewear's operating profitability outlook in my prior November 19, 2023 write-up. This update evaluates GIL's financial performance for the second quar ...

Financial Data and Key Metrics Changes - The company reported Q2 sales of $862 million, an increase of $22 million or 3% year-over-year, at the higher end of guidance [7] - Adjusted earnings per share (EPS) were $0.74, a 17% increase from $0.63 in the prior year [11] - Gross margin improved to 30.4% from 25.8% in the prior year, a 460 basis point increase [9] - Operating margin was 22.7%, up 620 basis points compared to the prior year, exceeding the target range of 18% to 20% [10] Business Line Data and Key Metrics Changes - Activewear sales increased by $45 million or 6%, driven by positive point-of-sale (POS) trends and higher replenishment of fleece [8] - Hosiery and Underwear sales decreased by 16% due to the phase-out of the Under Armour business, but would have been up mid-single-digits excluding this impact [9] - International sales grew by 7% in the quarter [9] Market Data and Key Metrics Changes - The company experienced strong market share gains in fleece and ring spun products, key growth categories [8] - POS trends improved throughout the quarter, with June ending mid-single-digits [23] - International markets showed positive growth, particularly in Continental Europe [23] Company Strategy and Development Direction - The company is focused on a sustainable growth strategy with three pillars: capacity growth, innovation, and ESG [5] - The ramp-up of the new manufacturing complex in Bangladesh is on track, expected to reach 75% capacity by year-end [13] - The company aims for mid-single-digit revenue growth and mid-teen adjusted diluted EPS growth from 2025 to 2027 [17] Management's Comments on Operating Environment and Future Outlook - Management acknowledged a mixed global macroeconomic backdrop but reiterated confidence in the company's execution of its GSG strategy [15] - The company expects revenue growth for 2024 to be flat to low-single-digits, with adjusted operating margins slightly above the high end of the target range [15] - Management expressed optimism about market share gains and the overall strength of the business despite challenges [44] Other Important Information - The company resumed share repurchases, returning $182 million to shareholders in Q2 [12] - A new NCIB program was approved to repurchase up to 10% of the company's public float over the next 12 months [12] - The adjusted effective income tax rate for the quarter was 27%, significantly higher than the previous year's 4.8% [11] Q&A Session Summary Question: Strongest and weakest POS trends during the quarter - Management noted improving POS trends, particularly in fleece and ring spun categories, with overall market down slightly [22][23] Question: Competitive landscape impact on pricing - Management indicated that while there was initial price pressure due to competitor inventory liquidation, the situation has stabilized [24] Question: Clarification on fleece category performance - Management clarified that while the overall market was down, Gildan gained market share in fleece, with strong sales and a large order book [26][27] Question: Current capacity utilization in Bangladesh - Management confirmed that the ramp-up in Bangladesh is on track, with expectations to reach 75% capacity by year-end [28][29] Question: Impact of civil unrest on operations - Management stated that civil unrest had minimal impact on operations, and the business is running as usual [29] Question: Sustainable level of SG&A - Management expects SG&A to be in the 9% to 9.5% range moving forward, with potential for further leverage [30] Question: Drivers of gross margin expansion - Management attributed gross margin expansion to improved raw material costs and manufacturing efficiencies [32] Question: Transition to soft cotton impact - Management indicated that the transition to soft cotton has been well received, with positive POS trends and no price changes [34]

Gildan Activewear (GIL) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 2.78%. A quarter ago, it was expected that this apparel maker would post earnings of $0.52 per share when it actually produced earnings of $0.59, delivering a surprise of 13.46%. Over the last four quarters, the ...

2024 Second Quarter Shareholder Report | --- | --- | |-----------------------------------------------------------------------|-------| | Contents | | | MD&A | | | 1.0 Preface | 2 | | 2.0 Caution regarding forward-looking statements | 2 | | 3.0 Our business | 4 | | 4.0 Strategy | 8 | | 5.0 Operating results | 9 | | 6.0 Financial condition | 19 | | 7.0 Cash flows | 21 | | 8.0 Liquidity and capital resources | 23 | | 9.0 Legal proceedings | 28 | | 10.0 Financial risk management | 28 | | 11.0 Critical accountin ...