Gildan Activewear reinstates $0.154 dividend
- BySeeking Alpha-
Gildan Activewear (NYSE:GIL): Q1 Non-GAAP EPS of $0.48 beats by $0.30; GAAP EPS of $0.50 beats by $0.35.Revenue of $589.6M (+28.4% Y/Y) beats by $107.61M.Shares +8.3%.Press Release
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Gildan Activewear Inc. is a manufacturer of everyday basic apparel, including activewear, underwear, socks, hosiery, and legwear products. The Company’s products are sold in North America, Europe, Asia-Pacific, and Latin America to wholesale distributors, screen printers or embellishers, as well as to retailers in North America, and directly to consumers, primarily through its own e-commerce platforms. The products it manufactures and sells are marketed under its Company-owned brands, including Gildan, American Apparel, Comfort Colors, Gildan Hammer, Gold Toe, Anvil, Alstyle, Secret, Silks, Kushyfoot, Secret Silky, Therapy Plus, Peds and MediPeds. Through a sock licensing agreement providing exclusive distribution rights in the United States and Canada, it also sells socks under the Under Armour brand.