Company Earnings UpdateGildan (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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Weekly US Store Openings and Closures Tracker 2025, Week 35: Netflix Heads to the Mall as Claire’s Shutters Nearly 300 StoresRetailTech: Three Technologies Landlords Can Use to Take Malls to the Next LevelWeekly US Store Openings and Closures Tracker 2025, Week 12: Forever 21 To Close All Stores; Dollar General Announces Major Store Expansion PlanLower-Income Consumers’ Economic and Financial Sentiment Improves: US Consumer Survey Insights
