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Gildan (GIL) 4Q15 Results: Beats on Revenues and EPS, Guides Down for 2016

Executive Summary

  • Gildan reported 4Q15 adjusted EPS of $0.28, in line with the consensus estimate. Net revenue for the quarter was $543.8 million, up 39.2% year over year, versus $390.6 million in the year-ago quarter.
  • The revenue growth was mainly driven by a sales increase of 77.7% in the printwear clothing segment.
  • Gildan provided EPS guidance of $1.50–$1.60 for 2016 versus the consensus estimate of $1.78. This figure is based on expected net sales of at least $2.6 billion, versus consensus of $2.7 billion.

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