Gildan Activewear sees Q1 profit rise to US$84.7 million, net sales also up
Advertisement
Read this article for free:
or
Already have an account? Log in here »
To continue reading, please subscribe:
Monthly Digital Subscription
$1 per week for 24 weeks*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $4.00 plus GST every four weeks. After 24 weeks, price increases to the regular rate of $19.00 plus GST every four weeks. Offer available to new and qualified returning subscribers only. Cancel any time.
Monthly Digital Subscription
$4.75/week*
- Enjoy unlimited reading on winnipegfreepress.com
- Read the E-Edition, our digital replica newspaper
- Access News Break, our award-winning app
- Play interactive puzzles
*Billed as $19 plus GST every four weeks. Cancel any time.
To continue reading, please subscribe:
Add Winnipeg Free Press access to your Brandon Sun subscription for only
$1 for the first 4 weeks*
*$1 will be added to your next bill. After your 4 weeks access is complete your rate will increase by $0.00 a X percent off the regular rate.
Read unlimited articles for free today:
or
Already have an account? Log in here »
MONTREAL – Gildan Activewear Inc. saw its earnings rise to US$84.7 million in its latest quarter.
The Montreal-based apparel maker, which keeps its book in U.S. dollars, says the first-quarter profit compared with net earnings of US$78.7 million a year earlier.
Net sales for the quarter ended March 30 totalled US$711.7 million, up from US$695.8 million.
On an adjusted basis, Gildan says it earned US$89.8 million in the quarter, compared with US$99.1 million a year ago.
Those figures translated to adjusted earnings of 59 cents US per diluted share, flat compared with a year before.
Financial markets data firm Refinitiv said on average analysts had expected adjusted earnings of 57 cents US per diluted share.
This report by The Canadian Press was first published April 29, 2025.
Companies in this story: (TSX:GIL)