Company Earnings UpdateGildan 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? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: CES 2025 Wrap-Up: Top 10 Takeaways—AI, Retail Tech, Sustainability, and Health and Wellness Come into FocusKohl’s CEO Removal—Why It Happened and What It Means for US Department StoresThree Data Points We’re Watching This Week, Week 21: US Retail and Consumer DevelopmentsDownward Trend in Economic Expectations Ends: Weekly US Consumer Sentiment, Week 17, 2025—Infographic
