Gildan Activewear provides medium-term targets

The company said, “Assuming no deterioration in the current macroeconomic environment, Gildan is confident that the targeted priorities will position the Company to continue to drive market share gains in key product categories, unlock further opportunities in targeted markets and deliver on key financial metrics over the 2025-2028 period, reflecting the following: Net sales growth at a compound annual growth rate in the mid-single digits range; Annual adjusted operating margin(1) in the range of 18% to 21%; Capital expenditures (capex) as a percentage of sales of about 5% per year, on average and adjusted diluted EPS growth per annum in the high-single to low double-digit range.”