Gildan Activewear Reports Second Quarter 2020 Results

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Go back to Gildan Activewear Reports Second Quarter 2020 Results

Gildan Activewear (GIL) Misses Q2 EPS by 61c, Revenues Miss

July 30, 2020 7:23 AM EDT

Gildan Activewear (NYSE: GIL) reported Q2 EPS of ($0.99), $0.61 worse than the analyst estimate of ($0.38). Revenue for the quarter came in at $230 million versus the consensus estimate of $239.34 million.

Despite the impact of the COVID-19 pandemic, we maintained a strong focus on our key priorities, including the health and safety of our employees and the long term positioning of our business said Glenn J. Chamandy, President and CEO of Gildan Activewear. Against the challenging backdrop of the pandemic and the difficult but necessary actions we have taken, we have accelerated efforts under our Back to... More