Gildan recently released their 3rd quarter financial report. My take-away for our industry is that they have record sales and substantial profits in activewear. They are not hurting from supply chain or inflation issues as one might have imagined. You can read the entire press release below. Gildan Press Release Gildan Activewear Reports Strong Results for…
Our friend and colleague Chris Caldwell passed away at age 55 on August 22nd after a long illness. He will be missed. His big smile will endure. Chris has worked at Gildan for a few years after a long career at Fruit of the Loom. Look for a longer obituary in a couple of weeks.…
You can see the state of Gildan in their most recent press release here. You also can listen a recording of their most recent investor’s call and see the powerpoint of the presentation here. It gives a picture, not so pretty, of their empire at the moment. Like most of us, they have taken extreme…
Here are the current highlights (and lowlights) of the biggest company serving our industries, Gildan. The company formerly headquartered in Montreal, Canada and now located in tax-friendly and sunny Barbados reports the following: Payless going bankrupt cost them a pretty penny: $2.5 million. Heritage Sportswear going bankrupt cost them more than a pretty penny: $21.7…
Gildan released their third quarter results and you can read them in French or English here. They appear to be in a steady course to take over the world garment trade. Of note are the following: They secured a major underwear contract, private label for their largest customer. Fruit of the Loom/Jerzees and Hanes lost most…
A tip of the hat to Garrett Kaule who posted in a Facebook exchange the link to Gildan discharge ratings on the TSC Apparel website. I personally have not tested all their shirts but they rate them A for great for discharge and C that they don’t discharge. They give a few C+ and B-…
The Gildan financial report on the year 2017, 4th quarter 2017, and the outlook for 2018 are available for your perusal here. A few take-aways from a quick look see: – They made a boatload of money. Gross sales of $2,750.8 million and generated free cash flow of $519 million. That’s a whole lot of…
Gildan has decided to close their garment dyeing facility in New Bedford, Massachusetts. Gildan bought the plant from Comfort Colors in 2015. It will close now as of February 28th, 2018 and 90 workers there will lose their jobs. The facility originally was opened in 1995 in a cavernous former armaments factory by the then…
The Gildan announcement goes as follows from their press release this morning: “Gildan Activewear Announces Plan to Buy Back Shares Through Private Agreements Montreal, February 28, 2017 – Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that it intends to purchase for cancellation up to 877,000 of its common shares pursuant to one or…
Gildan released 4th Qtr and full 2016 earnings and their forecasts for 2017. In their own words: Net sales growth of 8.1% in the fourth quarter GAAP diluted EPS and Adjusted diluted EPS of $0.32, both up 14% compared to Q4 2015 2017 Adjusted diluted EPS guidance of $1.60-$1.70, representing 9% growth over 2016 at…
