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Gildan Activewear ( (TSE:GIL) ) has issued an announcement.
Gildan Activewear Inc. reported record fourth-quarter and full-year revenues for 2024, with net sales reaching $3,271 million, representing a 2% increase from the previous year. The company achieved a 17% year-over-year growth in adjusted diluted EPS and reported a 21.3% adjusted operating margin. The phase-out of the Under Armour business affected hosiery and underwear sales but activewear sales increased by 11% in Q4. The company announced a 10% dividend increase for 2025 and initiated its annual guidance for the year. Gildan’s strategic focus on its core competencies and market share gains in key growth categories have positioned it well for continued growth. Additionally, the introduction of innovative products and an effective global manufacturing footprint have contributed to positive sales trends and market share capture.
More about Gildan Activewear
Gildan Activewear Inc. is a Canadian company in the apparel industry, primarily focusing on the production of activewear, underwear, and hosiery. Their business model emphasizes low-cost, large-scale, vertically integrated sustainable manufacturing, which has helped them maintain a strong competitive advantage in the market.
YTD Price Performance: 9.01%
Average Trading Volume: 555,724
Technical Sentiment Consensus Rating: Sell
Current Market Cap: $7.85B
For a thorough assessment of GIL stock, go to TipRanks’ Stock Analysis page.
