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Article Date: August 2018
Word Count: 629

Gildan Net Level on 7% Sales Gain


Income was $109.0 million, a 1% increase over $107.7 million, for the second quarter ended Jul. 1, on sales of $764.2 million compared to $715.4 million. Ongoing momentum in the Activewear segment from strong sales in fashion basics and fleece improved sales 17% to $625.5 million from $533.0 million. That was offset by the weakness in the Hosiery & Underwear business, which fell 24% to $139.0 million from $182.4 million, as mass retailers shifted to private label and also a tough comp against a major sell-in last year. U.S. sales improved 5% to $644.7 million from $615.4 million and international ... Log in to view full article.

 


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