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Article Date: May 2018
Word Count: 199

Gildan Net Down on Higher Input Costs


Profit fell 19% to $67.9 million from $83.5 million for the quarter ended Apr. 1 on a 3% shortfall in sales to $647.3 million from $665.4 million with both years containing about $6.5 million in restructuring and acquisition related expenses. Activewear sales improved 3% to $514.5 million from $498.6 million while hosiery and underwear sales declined 20% to $132.8 million from $166.8 million. Sales in the U.S. market were off 4% to $555.8 million while Canada fell 19% to $25.4 million and international rose 24% to $66.0 million. The results were in line with its guidance, which was confirmed ... Log in to view full article.

 


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