Gildan Activewear (GIL) Misses Q3 EPS by 1c; Trims FY16 adj.-EBITDA Outlook
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Gildan Activewear Reports Third Quarter 2016 Results and Updates Guidance for 2016
November 3, 2016 7:21 AM EDTMONTREAL, QUEBEC -- (Marketwired) -- 11/03/16 -- Gildan Activewear Inc. (TSX: GIL)(NYSE: GIL) today announced its results for the three months ended October 2, 2016 and updated its guidance for 2016.
Results in the Printwear segment were in-line with the Company's expectations, while continued softness in the retail environment, including weak traffic trends and unseasonably warm weather contributed to slightly lower than expected Branded Apparel sales. Operating income and EPS reflected solid performance and cash generation in the quarter was strong with free cash flow totaling $184.9 million, up 23.9%... More
