Gildan Activewear (GIL) Tops Q4 EPS by 2c, provides guidance

Gildan Activewear (NYSE: GIL) reported Q4 EPS of $0.75, $0.02 better than the analyst estimate of $0.73. Revenue for the quarter came in at $783 million versus the consensus estimate of $760.04 million.

GUIDANCE:

Gildan Activewear sees FY2024 EPS of $2.92-$3.07, versus the consensus of $3.00.

Revenue growth for the full year to be flat to up low-single digits;
Adjusted operating margin slightly above the high end of our 18% to 20% annual target range;
Capex to come in at approximately 5% of sales;
Free cash flow above 2023 levels driven by increased profitability, lower working capital investments and lower capital expenditures than in 2023.

For earnings history and earnings-related data on Gildan Activewear (GIL) click here.

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