Gildan: Q2 Earnings Snapshot
By AP News
Published - Aug 01, 2024, 10:23 AM ET
Last Updated - Aug 01, 2024, 10:23 AM EDT
MONTREAL (AP) — MONTREAL (AP) — Gildan Activewear Inc. (GIL) on Thursday reported second-quarter profit of $58.4 million.
On a per-share basis, the Montreal-based company said it had net income of 35 cents. Earnings, adjusted for non-recurring costs, came to 74 cents per share.
The results surpassed Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of 72 cents per share.
The apparel maker posted revenue of $862.2 million in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $851.6 million.
