Gildan Activewear reports first-quarter net loss as sales rise
Updated
Updated · MarketWatch · Apr 30
Gildan Activewear reports first-quarter net loss as sales rise
13 articles · Updated · MarketWatch · Apr 30
The apparel maker posted a $65.8 million loss, or 36 cents a share, on sales of $1.17 billion, boosted by its recently acquired HanesBrands business.
Adjusted earnings were 43 cents a share, beating FactSet expectations of 35 cents, while revenue also topped analysts' $1.14 billion target.
Gildan reiterated full-year guidance for $6 billion to $6.2 billion in revenue and adjusted earnings of $4.20 to $4.40 a share, citing expected synergies from the acquisition.
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