Net income declined 9% to $99.7 million from $109.0 million in the second quarter on 5% higher revenues of $801.6 million up from $764.2 million driven by fashion basics, fleece, and global lifestyle brand sales. Excluding restructuring costs of $16.3 million in the quarter against $3.0 million last year, adjusted net was up 3% to $115.0 million. GIL maintained its full-year revenue guidance for a mid-single-digit increase, and narrowed its earnings guidance to $1.80 to $1.85 per share ($372 mm), the top of the previous range of $1.75 to $1.85. But it noted that some fleece shipments that were planned ... Log in to view full article.