Gildan Activewear (GIL) Tops Q2 EPS by 3c; Raises Outlook

Gildan Activewear (NYSE: GIL) reported Q2 EPS of $0.52, $0.03 better than the analyst estimate of $0.49. Revenue for the quarter came in at $764.2 million versus the consensus estimate of $728.4 million.

GUIDANCE:

Gildan Activewear sees FY2018 EPS of $1.85-$1.90, versus prior of $1.80-$1.90 and the consensus of $1.86. The Company expects adjusted EBITDA to be in the range of $605 to $620 million compared to $595 to $620 million previously, and free cash flow for 2018 is now expected to be in excess of $425 million for the year, higher than its previous estimate of in excess of $400 million. Guidance for capital expenditures remains at approximately $125 million for 2018.

For earnings history and earnings-related data on Gildan Activewear (GIL) click here.

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