Company Earnings UpdateGildan (NYSE: GIL) 2Q19 Results: Higher Revenue Driven by Activewear, Updates Full Year Guidance Coresight Research August 2, 2019 Executive Summary Adjusted EPS was up 7.7% to $0.56, ahead of the consensus estimates of $0.55. Gross margin was down 50 basis points (bps) to 27.8% due to rising raw materials costs, inflationary pressure on other input 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 sales guidance of mid-single-digit growth for 2019, and adjusted EPS guidance to $1.95-2.00 from $1.90-2.00. 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: Three Data Points We’re Watching This Week, Week 4: US Store Openings and Closures—2024 ReviewHead-to-Head in Beauty Retailing: Sephora vs. Ulta BeautyTaking the Temperature on Tariffs Ahead of August 1: How Are Different Consumer Groups Reacting? US Consumer Survey Insights ExtraTarget Financial Community Meeting 2026: Rebuilding Momentum Through Store Reinvention, Merchandising Authority, Loyalty and Technology
