Gildan Activewear ( (GIL) ) has released its Q3 earnings. Here is a breakdown of the information Gildan Activewear presented to its investors.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Gildan Activewear Inc., a leading vertically integrated manufacturer of everyday basic apparel, specializes in activewear, underwear, and hosiery products, catering to wholesale distributors and retailers across multiple global regions. In its latest earnings report, Gildan highlighted a resilient financial performance amidst challenging market conditions, driven by its sustainable growth strategy focusing on capacity expansion, innovation, and ESG practices. The third quarter of 2024 saw Gildan’s net sales increase to $891.1 million, up 2.4% from the previous year, with significant contributions from the activewear segment. The company also reported an impressive gross profit margin improvement to 31.2%, leveraging its vertically integrated manufacturing model to optimize costs and enhance product quality. Looking forward, Gildan remains committed to executing its strategic initiatives to support long-term growth, maintaining a competitive edge in the dynamic apparel industry.
