Gildan Activewear reports Q2 adjusted EPS 97c, consensus 96c

Reports Q2 revenue $919M, consensus $906.33M. “The Gildan Sustainable Growth strategy continues to drive solid financial performance, as evidenced by our record Q2 results, driven by strong net sales growth of 12% in Activewear. As we navigate through the current fluid operating environment, we are focusing on what we can control, which is allowing us to continue to strengthen our competitive position and drive profitable top line growth. Moreover, our performance reflects the agility and resilience of our low-cost vertically integrated business model which remains the cornerstone of our ability to deliver long-term value for our stakeholders” said CEO Glenn Chamandy.