Gildan Activewr Stock Price, News & Analysis

Gildan Activewear Inc. (GIL) will announce its 2022 fourth quarter and full year results on February 22, 2023. A press release is expected before market opening, followed by a conference call at 8:30 AM ET. Investors can access the call through the company’s website or by dialing designated numbers. Gildan, a significant player in casual apparel manufacturing, operates large-scale facilities primarily in Central America, the Caribbean, the U.S., and Bangladesh. The company focuses on delivering quality products under various brands while upholding strong labor, environmental, and governance standards throughout its operations.

Gildan has launched new positioning and marketing campaigns for its brands Gildan®, American Apparel®, and Comfort Colors® at the Impressions Expo in Long Beach, California. This initiative aligns with Gildan's Sustainable Growth plan, focusing on evolving and expanding global reach. Gildan® will introduce the Just Smart campaign, while American Apparel® unveils The 2001 and Only campaign, emphasizing its iconic AA2001 style. Comfort Colors® is set to promote the Spread Good Vibes campaign to highlight its lifestyle branding. The campaigns will utilize trade booths, social media, display advertising, and enhanced digital experiences.

Gildan Activewear Inc. (GIL) has been recognized as one of the world's most sustainable corporations by Corporate Knights, moving up from 79th to 60th place in the 2023 Global 100 list. This marks Gildan's second consecutive year on the list, making it the only apparel manufacturer recognized globally. The ranking is based on an assessment of nearly 7,000 public companies with revenues over $1 billion, evaluating up to 25 key performance indicators reflecting diverse aspects of sustainability.

Gildan's commitment to ESG includes promoting gender diversity, focusing on sustainable investments, and integrating ESG targets into executive compensation.

Gildan Activewear reported record Q3 2022 sales of $850 million, a 6% increase YoY, driven by robust activewear sales within North America. Despite inflation, operating margins remained strong at 20.5%, with adjusted diluted EPS of $0.84, up 5% from last year. The company returned $125 million to shareholders via dividends and repurchases, buying back 3.2 million shares. However, gross profit fell to $252 million, down 10.5% YoY, largely due to rising costs. Gildan's net debt stood at $944 million, with a leverage ratio of 1.2.

Gildan Activewear Inc. (GIL) is set to announce its third quarter results for 2022 on November 3, 2022. The press release will precede the market opening, followed by an audio webcast and conference call at 8:30 AM ET to discuss the results. Interested parties can access the conference call by dialing specific numbers or through the company’s investors page for a live audio webcast. The company manufactures everyday basic apparel and operates large-scale manufacturing facilities across various regions, maintaining a commitment to sustainability and corporate governance.

Gildan Activewear reported record Q2 sales of $896 million, a 20% increase year-over-year, primarily due to a 27% rise in activewear sales. Operating margin stood at 19.4% with GAAP diluted EPS of $0.85, reflecting an increase of 27% over Q2 2021. Free cash flow was $159 million, while total debt reached $922 million. The company announced the renewal of its Normal Course Issuer Bid to repurchase up to 5% of outstanding shares. However, the hosiery and underwear segment saw an 8% decline in sales due to weakened retail demand.