Gildan Activewear (GIL) Tops Q3 EPS by 25c
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Gildan Activewear Reports Record Results for the Third Quarter of 2021
November 4, 2021 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* Due to the significant impact of COVID-19 on prior year figures, certain comparisons to 2019 (pre-Covid-19 year) are included for additional context
Strong margin performance and demand momentum drives record resultsRecord third quarter sales of $802 million, up 33% over prior year and 8% over Q3 2019Operating margin of 25.1%, adjusted operating margin1 of 21.5%Record GAAP diluted EPS of $0.95, adjusted diluted EPS1 of $0.80 up 167% over Q3 2020 and 51% vs Q3 2019Record third... More