Stock Data
$0.18 (0.30%)
Asset Type
Common Stock
Exchange
NYSE
Currency
USD
Country
USA
Sector
CONSUMER CYCLICAL
Industry
APPAREL MANUFACTURING
Gildan Activewear Inc., based in Montreal, Canada, is a leading manufacturer and seller of a wide range of apparel products. Its offerings include T-shirts, fleece, sports shirts, and hosiery products like athletic and casual socks, as well as men's underwear and ladies panties. The company markets its products under various brands such as Gildan, American Apparel, and Comfort Colors. Gildan serves a diverse clientele, including wholesale distributors, screen printers, retailers, and lifestyle brand companies, across the Americas, Europe, and Asia-Pacific.
Gildan crushed earnings estimates with adjusted EPS of $1.28, besting consensus by 14%, while revenue fell slightly short amid customer inventory destocking tied to the HanesBrands integration. The $1.58 billion in sales still rocketed 72% year-over-year, and the company lifted full-year EPS guidance to $4.65 to $4.75 on track synergies and expects $220 million in tariff refunds this year.
House member Thomas H. Kean Jr. sold shares of Alphabet, Microsoft, and Johnson & Johnson while buying into energy and industrials across 18 trades disclosed 44 days late in mid-July, signaling portfolio rotation amid broader sector shifts.
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