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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.
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Gildan Activewear reporta un aumento de beneficios Q3 a $131.5M, anticipa un crecimiento de ingresos de un solo dígito bajo para el año.