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Article Date: May 2017
Word Count: 230

Gildan Sees Q1 Jump on Solid Sales Gain


Net income increased 32% to $83.5 million from $63.2 million for the period ended Apr. 2 as sales rose 12% to $665.4 million from $593.3 million. This year’s results included $6.6 million in acquisition related costs while last year had net $5.8 million in charges. Printwear sales were up 14% to $445.6 million from $392.1 million with operating margins expanding 210 b.p. to $109.9 million against $85.2 million. Branded sales rose 9% to $219.7 million from $201.2 million with operating income up 25% to $18.6 million from $14.9 million.

 

It sees the American Apparel acquisition as a springboard into the e-commerce ... Log in to view full article.

 


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