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Gildan (NYSE: GIL) 4Q18 Results: Activewear Drives Strong Revenue Growth

Executive Summary

  • Gildan 4Q18 sales rose 13.6% driven by a 22.3% increase in activewear sales reflecting higher fleece shipments along with higher net selling prices.
  • Adjusted operating margin expanded 230 bps due to a 300 bps decline in the SG&A expense ratio.
  • The company’s 2019 outlook includes a 10% increase in adjusted EPS and mid-single-digit sales growth.

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