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Article Date: November 2018
Word Count: 483

Gildan Q3 Results Hurt by Hurricane Florence


Comprehensive net income declined 1% to $109,992,000 from $110,619,000 in the third quarter on 5% higher sales of $754,356,000 up from $716,395,000 last year that would have been $30 million higher without the impact of Hurricane Florence. The storm shut down GIL’s distribution center in Eden, NC, and Charleston, SC. Activewear sales continues to provide all the momentum, growing 12% to $612.4 million, while the hosiery and underwear business declined 17% to $142.0 million. Florence hit both segments equally, reducing sales of each by about $15 million. U.S. sales grew 4% to $642.6 million and international sales gained 28% to ... Log in to view full article.

 


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