Gildan Activewear (GIL) Misses Q1 EPS by 5c

Gildan Activewear (NYSE: GIL) reported Q1 EPS of $0.06, $0.05 worse than the analyst estimate of $0.11. Revenue for the quarter came in at $459 million versus the consensus estimate of $503.06 million.

“During the first quarter, we faced unprecedented impacts globally as the COVID-19 pandemic unfolded. This required us to amplify our focus on what we do best and on what we can do to support all our stakeholders as a values-driven, strong, resilient, and well-positioned Company. I am both proud of and extend my gratitude to our employees for their dedication and efforts during this crisis which we will continue to move through over the coming months. I am also equally proud that in these difficult times, Gildan has been able to join with our partners to adapt rapidly to be able to produce products for the health care sector and people working in essential roles, as we all fight this global challenge,” said Glenn J. Chamandy, President and CEO."

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

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