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Article Date: February 2021
Word Count: 492

Activewear Recovers in Gildan’s Final Quarter

Net income more than doubled to $67,352,000 from $32,512,000 for the fourth quarter on revenues up 5% to $690,155,000 from $658,673,000 that included an 11% improvement in activewear sales to $537.9 million. Retail sales were positive (led by online), and the gains were powered by a favorable imprintables product-mix, unit sale gains through retail channels, and North American imprintable volume getting a boost from the non-recurrence of distributor de-stocking in the quarter. While North American imprintables POS were down over the prior year, sell-through trends posted sequential improvement, falling just under 10% on average for Q4 compared to Q3’s negative ... Log in to view full article.


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