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Article Date: February 2017
Word Count: 384

Gildan Net Grows on Strong Printwear Biz

Net income was $74.3 million, up 10% from $67.6 million, for the final quarter ended Jan. 1 as sales improved 8% to $587.9 million from $543.8 million, driven by a 14% improvement in Printwear sales to $325.8 million from the Alstyle and Peds acquisitions with a 1% gain in Branded sales to $262.1 million as retailer de-stocking lowered reorders. Sales were up 4%, excluding acquisitions. For the FY, GIL net was flat at $346.6 million against $346.1 million on a 1% sales increase to $2,585.1 million compared to $2,568.6 million. Printwear sales rose 1% during the year to $1,651.1 million ... Log in to view full article.


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