Gildan Activewear (GIL) Tops Q2 EPS by 2c, provides guidance

Gildan Activewear (NYSE: GIL) reported Q2 EPS of $0.74, $0.02 better than the analyst estimate of $0.72. Revenue for the quarter came in at $862 million versus the consensus estimate of $853.59 million.

GUIDANCE:

Gildan Activewear sees FY2024 EPS of $2.92-$3.07, versus the consensus of $2.96.
Revenue growth for the full year to be flat to up low-single digits
Adjusted operating margin1 slightly above the high end of our 18% to 20% target range for 2024
Capex to come in at approximately 5% of net sales

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

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