Gildan Activewear (TSE:GIL) has released an update.
Gildan Activewear reported a slight decrease in net sales to $696 million for Q1 2024, down 1% from the previous year, yet demonstrated strong business performance with a 31% increase in adjusted diluted EPS to $0.59. The company confirmed its fiscal 2024 guidance, attributing the results to its strategic focus and market momentum in key product categories, despite some challenges in hosiery and underwear sales.
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