Gildan Activewear Inc. (GIL) Misses Q4 EPS by 1c; Issues Weak FY14 Outlook
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Gildan Activewear Inc. (NYSE: GIL) reported Q4 EPS of $0.83, $0.01 worse than the analyst estimate of $0.84. Revenue for the quarter came in at $626.2 million versus the consensus estimate of $604.71 million.
The Company was pleased with the continuing strong consumer demand and resulting retailer sales of its national branded underwear program. The Company has also continued to achieve placement of new Gildan and Gold Toe branded programs, including the introduction of its premium Gildan Platinum" brand and the Gold Toe G brand at department stores and a major national retail chain. In addition, the Company is pleased to announce that it has obtained the worldwide license for the Mossy Oak brand for activewear, underwear and socks.
Consolidated gross margins in the fourth quarter were 28.3%, compared to 28.5% in the fourth quarter of last year. The positive impact of lower-cost cotton and increased supply chain and manufacturing efficiencies was offset by the impact of lower net selling prices for Printwear.
Gildan Activewear Inc. sees FY2014 EPS of $3.00-$3.10, versus the consensus of $3.14. Gildan Activewear Inc. sees FY2014 revenue of $2.35 billion, versus the consensus of $2.37 billion.
For earnings history and earnings-related data on Gildan Activewear Inc. (GIL) click here.
The Company was pleased with the continuing strong consumer demand and resulting retailer sales of its national branded underwear program. The Company has also continued to achieve placement of new Gildan and Gold Toe branded programs, including the introduction of its premium Gildan Platinum" brand and the Gold Toe G brand at department stores and a major national retail chain. In addition, the Company is pleased to announce that it has obtained the worldwide license for the Mossy Oak brand for activewear, underwear and socks.
Consolidated gross margins in the fourth quarter were 28.3%, compared to 28.5% in the fourth quarter of last year. The positive impact of lower-cost cotton and increased supply chain and manufacturing efficiencies was offset by the impact of lower net selling prices for Printwear.
Gildan Activewear Inc. sees FY2014 EPS of $3.00-$3.10, versus the consensus of $3.14. Gildan Activewear Inc. sees FY2014 revenue of $2.35 billion, versus the consensus of $2.37 billion.
For earnings history and earnings-related data on Gildan Activewear Inc. (GIL) click here.
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