Gildan Activewear Reports Strong Results for the Fourth Quarter of 2018
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Gildan Activewear (GIL:CN) (GIL) PT Raised to Cdn$36 at BMO Capital
February 22, 2019 1:36 PM ESTBMO Capital analyst Stephen MacLeod raised the price target on Gildan Activewear (GIL:CN) (NYSE: GIL) to Cdn$36.00 (from Cdn$33.00) while maintaining a Market Perform rating.
... MoreGildan Activewear (GIL) Reports In-Line Q4 EPS, Revenues Beat; Offers Q1 EPS Guidance Below Consensus, FY19 EPS Mid-Point Guidance Below Consensus
February 21, 2019 7:13 AM ESTGildan Activewear (NYSE: GIL) reported Q4 EPS of $0.43, in-line with the analyst estimate of $0.43. Revenue for the quarter came in at $742.7 million versus the consensus estimate of $716.79 million.
Q4 2018 GAAP diluted EPS of $0.29, up 16%, adjusted diluted EPS1 of $0.43, up 39% over last year and in-line with Company guidanceNet sales of $742.7 million, up 13.6% in the quarter driven by activewear growth of 22%Operating margin and adjusted operating margin1 up 100 and 230 basis points, respectively, over prior year driven by 300 basis point improvement in SG&A as a percentage of salesStrong free... More