Gildan Activewear reports Q3 profit increase to $131.5M, anticipates low-single digit revenue growth for the year.

Gildan Activewear reported a strong Q3, with profits rising to $131.5 million (82 cents per share) and net sales reaching $891.1 million, reflecting a 2.4% increase from last year. Adjusted earnings per share were 85 cents. The company anticipates low-single digit revenue growth for the year and has revised its earnings guidance to $2.97-$3.02. Cash flow from operations was $178 million, with significant returns to shareholders.

October 31, 2024
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