Company Earnings Update 2 minutesRegister for Free AccessGildan Activewear (NYSE: GIL) Issues Profit Warning, Lowering FY19 Guidance on Weak Imprintables Demand Coresight Research October 23, 2019 Executive SummaryOn October 17, 2019, Gildan Activewear issued a profit warning for 3Q19 results and revised its 2019 full-year guidance. Gildan now expects revenue for 3Q19 to be approximately $740 million, down 2% from the year-ago quarter. The company offered revised guidance for 3Q19 GAAP EPS of $0.51 and adjusted EPS of $0.53, both down 7% from 3Q18. Gildan assumes the current demand for imprintable apparel in North America and ongoing softness in international markets will persist through 4Q19. 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: Market Outlook: US Foodservice—Value Initiatives Take Center Stage Amid Waning Consumer TrafficPlaybook: Six Quick Wins in Generative AIUS Consumer Tracker: Consumer Financial Security ImprovesThree Data Points We’re Watching This Week: US Real Estate Focus
