Reports Q4 revenue $720M, consensus $759.54M. "I am extremely proud of our team’s record performance in 2022 with revenue up 11% over 2021 and strong margin delivery in every fiscal quarter" said Glenn J. Chamandy, President and CEO of Gildan. "And despite near term headwinds related to the economic environment, which impacted our performance in the fourth quarter and which may persist through the first part of 2023, we remain excited about the Gildan Sustainable Growth strategy, as well as our strong competitive positioning and ability to support our customers, as we work towards delivering on our long-term growth aspirations".
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on GIL:
- Gildan Activewear Reports on the Fourth Quarter and Full Year 2022 Record Results; Provides 2023 Outlook
- Citi opens ’30 day negative catalyst watch’ on Gildan Activewear
- Gildan Activewear Announces Date for Fourth Quarter and Full Year 2022 Earnings Release
- Gildan Activewear downgraded to Hold from Buy at TD Securities
- Gildan Announces the Launch of New Positioning and Marketing Campaigns for the Gildan®, American Apparel®, and Comfort Colors® Brands