Gildan Activewear (GIL) Tops Q1 EPS by 21c

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Go back to Gildan Activewear (GIL) Tops Q1 EPS by 21c

Gildan Activewear Reports Record Results for the First Quarter of 2022

May 4, 2022 4:24 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

Record first quarter sales of $775 million, up 31% over prior year driven by strong demandOperating margin of 20.9%, adjusted operating margin1 of 20.4% up from 18.7% last yearRecord GAAP diluted EPS of $0.77, adjusted diluted EPS1 of $0.76 up 58% over Q1 2021Continued execution on capital allocation priorities, including more than 5 million shares repurchased in the quarterSustainability-Linked Loan launched during the first quarter reinforcing strong commitment to ESG... More