Gildan Growth Powered by Activewear
Net income dipped 9% to $120.2 million from $131.5 million on revenues that increased 2% to $910.6 million from $891.1 million for the third quarter, led by 5% growth in the key activewear category. By region, sales in the United States were up 3% to $819.5 million, while Canada grew 9% to $30.8 million. International was off 6% at $60.3 million, attributed to ongoing demand softness across markets.
Activewear hit $830.6 million on a favorable product mix and higher net prices, with particular strength in North American distributors and national account customers. ... Log in to view full article.