Gildan Activewear (TSE:GIL) has released an update.
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Gildan Activewear has reported a second-quarter net sales increase to $862 million with a strong adjusted operating margin of 22.7% and a 17% year-over-year growth in adjusted diluted EPS to $0.74. The company has reaffirmed its full-year guidance for 2024 and introduced a new share repurchase program. Amidst celebrating its 40th anniversary, Gildan has also been recognized for its sustainability efforts.
For further insights into TSE:GIL stock, check out TipRanks’ Stock Analysis page.
