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

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

Gildan Activewear Reports Second Quarter 2020 Results

July 30, 2020 7:00 AM 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

Strong free cash flow1 of $177 million, with total liquidity increased to $1.2 billionSales of $230 million, after reflecting a sales discount accrual of $25 million related to pricing actionGAAP diluted loss per share of $1.26, and adjusted diluted loss per share1 of $0.99Q2 GAAP results reflect $224 million of charges, including $131 million of COVID-related charges and $93 million in accelerated Back to Basics initiativesAmendment to credit... More