Gildan Activewear (GIL) Reports In-Line Q1 EPS; Guides Q2 EPS Below Consensus

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Gildan Activewear Announces Results for First Calendar Quarter of 2015 as Projected in Prior Guidance

May 14, 2015 7:00 AM EDT

MONTREAL, QUEBEC -- (Marketwired) -- 05/14/15 -- Gildan Activewear Inc. (TSX: GIL)(NYSE: GIL) today announced its results for the three months ended April 5, 2015, and updated its earnings guidance for calendar year 2015.

Consolidated Results for the Three Months Ended April 5, 2015 (First Calendar Quarter of 2015)

Gildan today reported net earnings of U.S. $56.0 million or U.S. $0.23 per share on a diluted basis for the three months ended April 5, 2015, compared with net earnings of U.S. $79.2 million or U.S. $0.32 per share in the corresponding quarter last year. Before reflecting... More