Gildan Activewear (GIL) Misses Q1 EPS by 5c
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Gildan Activewear Reports First Quarter 2020 Results
April 29, 2020 4:15 PM EDT(all amounts are in U.S. dollars except where otherwise indicated)(1)Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release
Q1 2020 sales of $459 million, GAAP diluted loss per share of $0.50, and adjusted diluted EPS1 of $0.06 per share, significantly impacted by the COVID-19-driven global economic slowdownCOVID-19-related impacts reflected in both GAAP loss and adjusted EPS for the quarter include: 340 basis point gross margin impact, or $0.08 per share, related to manufacturing idling and other costs during the quarterAllowance for expected credit... More