Company Earnings Update 3 minutesRegister for Free AccessGildan (NYSE: GIL) 1Q19 Results: Updates Outlook, Announces International Capacity Expansion Coresight Research May 2, 2019 Executive Summary Gildan 1Q19 sales declined 3.6% to $623.9 million and adjusted EPS decreased 52.9% to $0.16, ahead of the consensus estimates of $599.8 million and $0.15, respectively. Gross margin was down 140 bps to 25.8% due to rising costs and unfavorable foreign exchange, partially offset by the positive impact from higher net selling prices and a more favorable product mix. The company reiterated its sales guidance of mid-single-digit sales growth for 2019, and lowered adjusted EPS guidance to $1.90-2.00 from $2.00-2.10. Please Login to read the full report. Not a member? Register for a free user account. This document was generated for Other research you may be interested in: Unveiled at CES 2023: 15 Cool Products Plus Bonus Launchit JETRO InnovatorsUS CPG Sales Tracker: Health & Beauty Helps Online Growth Remain in the Mid-Teens Percentage Range in AprilShoptalk 2023 Day Four: AI, Engagement and Omnichannel Dominate DiscussionsWeekly US and UK Store Openings and Closures Tracker 2024, Week 18: J Sainsbury Closing 25 Argos Stores in the UK This Year