|Bid||29.10 x 800|
|Ask||29.11 x 800|
|Day's Range||28.87 - 29.18|
|52 Week Range||23.45 - 40.40|
|Beta (3Y Monthly)||0.72|
|PE Ratio (TTM)||20.81|
|Forward Dividend & Yield||0.54 (1.86%)|
|1y Target Est||32.09|
MONTREAL, Nov. 15, 2019 -- Gildan Activewear Inc. (GIL; TSX and NYSE) will be holding its 2019 Institutional Investor and Analyst Conference in San Pedro Sula, Honduras on.
Gildan Activewear is closing its operations in Mexico and laying off 1,700 employees at two plants in Sonora, the state across the U.S.-Mexico border from Arizona. "As we looked at our cost structure in the future, we feel that we can achieve a much lower cost by limiting the facilities," CEO Glenn Chamandy told analysts on the company's earnings call Oct. 31. The closure of Gildan Activewear's two textile plants — Cactex and Alstyle — in the cities of Hermosillo and Agua Prieta is related to declining sales and higher operating costs during the third quarter, company officials said.
Gildan (GIL) delivered earnings and revenue surprises of 0.00% and -0.04%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
Gildan Activewear Inc. reported third-quarter net income of $104.9 million, or 51 cents per share, down from $114.3 million, or 55 cents per share, in 2018. Adjusted EPS was 53 cents, in line with FactSet consensus. Sales totaled $739.7 million, down from $754.4 million last year and below FactSet guidance for $745.0 million. Gildan issued a profit warning for third-quarter earnings recently, attributing the shortfall and the accompanying guidance cut to weakness in the imprintables business. "While weaker imprintables order flow in North America and ongoing softness in international imprintables markets is currently dampening sales and earnings growth in 2019, we do not believe this reflects a structural change to our business as a leading supplier of basic replenishment apparel driven by our large scale, low-cost vertically-integrated manufacturing system," the company said in a statement. Gildan still expects full-year 2019 sales to be down low-single digits. EPS is expected to be $1.43 to $1.48, down from previous guidance of $1.50 to $1.55, and adjusted EPS is projected to be in the range of $1.65 to $1.70. FactSet is forecasting sales of $3.75 billion, implying a 2.2% decline, and EPS of $2.22. Gildan stock is down 18.3% for the year to date while the S&P 500 index is up 21.5% for the period.
Q3 2019 sales of $740 million, down 2%, GAAP diluted EPS of $0.51 and adjusted diluted EPS1 of $0.53 down 7% over prior year quarterCompany announces move of textile and sewing.
Gildan (GIL) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.
Hedge funds and other investment firms run by legendary investors like Israel Englander, Jeffrey Talpins and Ray Dalio are entrusted to manage billions of dollars of accredited investors' money because they are without peer in the resources they use to identify the best investments for their chosen investment horizon. Moreover, they are more willing to […]
Gildan Activewear Inc. (GIL) could be a stock to avoid from a technical perspective, as the firm is seeing unfavorable trends on the moving average crossover front.
Gildan announced a profit and sales decline, sending shares plummeting and driving a stock downgrade.
Retail stocks were in the spotlight on Friday's PreMarket Prep show following Gildan Activewear Inc (NYSE: GIL) blindsiding of investors after-hours with lower third-quarter and full-year guidance. When you are coming in long on a day trade or scalp in the issue, it is hard to bite the bullet and take the huge loss. With the type of oversized move seen in Gildan, the co-hosts immediately went to the monthly charts to find a potential area of support.
V.F. Corp's (VFC) higher investments toward brand development and technology enhancements might show on second-quarter fiscal 2020 performance.
Gildan Activewear (NYSE: GIL ) shares were trading sharply lower on Friday after the apparel company issued weak third-quarter preliminary earnings guidance. The Analyst Bank of America Merrill Lynch analyst ...
Gildan Activewear Inc. stock plummeted 26.1% in Friday trading after the apparel company issued a profit warning, cut its guidance, and was downgraded to hold from buy at Stifel. Analysts also cut their price target to $30 from $44. Gildan said it expects to report earnings per share of 51 cents for the third quarter and adjusted EPS of 53 cents, both down 7% year-over-year. And sales are expected to be $740 million, 2% lower than 2018. EPS was expected to be flat and sales were expected to grow in the mid-single-digit range. "The magnitude of the Q3 shortfall and fiscal year 2019 guidance is striking, particularly given that the outlook was reaffirmed August 2," analysts wrote. "While appreciative of best-in-class infrastructure, evidence of category issues challenge the case for revenue growth and the associated rate of margin expansion and earnings improvement." Gildan will report its third-quarter results on Oct. 30. The stock is down 13% for the year to date while the S&P 500 index is up 19.6% for the period.
Shares of Gildan Activewear Inc. tanked 12% in the extended session Thursday after the apparel maker cut guidance for the year and called for a 7% drop in quarterly profit. Gildan said it expects to report third-quarter GAAP per-share earnings of about 51 cents a share, and adjusted EPS of about 53 cents a share, both down 7% over the third quarter of 2018. Third-quarter sales are seen around $740 million, 2% lower than the same quarter last year. A previous guidance on Aug. 1. called for adjusted EPS growth to be flat in the third quarter on a projected sales growth. Gildan said it experienced "significantly weaker-than-expected demand for imprintables in North America and ongoing softness in international imprintable markets." Gildan mostly makes plain T-shirts and fleeces that users go on to customize with their own logos and messages. The guidance cut reflects a sales shortfall around $50 million, and presumes that the demand weakness for imprintables both in North America and internationally "will persist through the fourth quarter," the company said. Gildan stock ended the regular trading day up 0.3%. The company is scheduled to report third-quarter results on Oct. 31 before the open. Gildan in Marchwarned of an earnings hit from a debt write-off.
MONTREAL, Oct. 17, 2019 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL:TSX and NYSE) today announced that it expects to report GAAP diluted EPS for the third quarter ended September 29, 2019 of approximately $0.51 and adjusted diluted EPS1 of approximately $0.53, both down 7% over the third quarter of 2018. Sales for the third quarter are expected to be approximately $740 million, down 2% over the same quarter last year, reflecting estimated activewear sales of $620 million and sales of $120 million in the hosiery and underwear category. The Company’s previous guidance provided on August 1, 2019 called for adjusted diluted EPS growth to be flat in the third quarter, on projected sales growth in the mid-single-digit range over the third quarter last year. During the third quarter of 2019, we experienced significantly weaker than expected demand for imprintables in North America and ongoing softness in international imprintable markets.
While some investors are already well versed in financial metrics (hat tip), this article is for those who would like...
The new location will be the company’s fifth yarn spinning mill in the state. Eden is already home to Gildan’s first large-scale distribution center.
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