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Article Date: May 2021
Word Count: 429

Gildan Swings to Profit in Q1


The bottom line swung back to $98.5 million in earnings against the prior year’s $99.3 million loss on a 28% gain in sales to $589.6 million from $459.1 million, that fell just 5% short of Q1 ’19. Activewear sales gained 30% to $484.6 million on double-digit unit sales volume growth in North America and international imprintables markets and in activewear sold in retail channels. Imprintables volume growth was helped by distributor restocking and POS growth compared to the prior year. Compared to more normal trends before the pandemic, both U.S. and international POS remained relatively stable with the levels seen ... Log in to view full article.

 


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