×
75 720
Fashion Jobs
MACY'S
Asset Protection Detective, Boca Raton Town Center - Full Time
Permanent · Boca Raton
MACY'S
Asset Protection Detective, Herald Square - Full Time
Permanent · New York
PRIMARK
Visual Merchandising Manager - Crossgates
Permanent · ALBANY
PRIMARK
Visual Merchandising Manager - City Point
Permanent · NEW YORK
PRIMARK
Visual Merchandising Manager - Roosevelt Field
Permanent · GARDEN CITY
PRIMARK
Talent Acquisition Manager - Volume Recruitment
Permanent · BOSTON
PRIMARK
Visual Merchandise Manager- Jersey Gardens
Permanent · ELIZABETH
PRIMARK
Talent Acquisition Manager - Management Recruitment
Permanent · BOSTON
PRIMARK
Visual Merchandise Manager- Green Acres
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager - Staten Island
Permanent · NEW YORK
PRIMARK
Visual Merchandise Manager- Walden
Permanent · BUFFALO
PRIMARK
Visual Merchandise Manager- Woodfield Mall- New Store
Permanent · SCHAUMBURG
PRIMARK
Learning And Development Manager
Permanent · BOSTON
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Hamden
KOHLS
Full-Time Sales Supervisor - Hardlines
Permanent · Portage
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Longmont
KOHLS
Los Angeles Metro Area East-Full-Time Loss Prevention Supervisor
Permanent · Riverside
KOHLS
Full-Time Loss Prevention Supervisor
Permanent · Fairfax
NORDSTROM
Retail Stock & Fulfillment - Ross Park
Permanent · Pittsburgh
NORDSTROM
Retail Stock - Cascade Station Rack
Permanent · Portland
GAP
General Manager - Chicago Premium
Permanent · Aurora
MACY'S
Asset Protection Security Guard, Mall at Prince Georges - Standard Part Time
Permanent · Hyattsville
By
Fibre2Fashion
Published
Aug 9, 2018
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gildan Activewear earnings up 6.1%

By
Fibre2Fashion
Published
Aug 9, 2018

Gildan Activewear has reported adjusted EPS of $0.52 per share on a diluted basis for the second quarter of 2018, up 6.1 per cent from $0.49 per share on a diluted basis in the same quarter last year. The increase was mainly due to higher sales and the benefit of a lower share count compared to the prior year, partly offset by a lower operating margin.


Facebook: American Apparel


The net sales of Canada-based company were $764.2 million in the second quarter, up 6.8 per cent compared to the prior year driven by a 17.3 per cent increase in activewear sales.

The increase in activewear was driven by strong shipments of imprintable products, as well as increased shipments to global lifestyle brand customers and retailers. International sales in the second quarter were up 35.2 per cent, reflecting strong growth momentum across all markets.

Net sales of $1,411.5 million for the six months ended July 1, 2018 were up $30.8 million, or 2.2 per cent compared to the same period last year.

The sales increase was driven by a 10.5 per cent increase in activewear sales, partly offset by a 22.2% decline in the hosiery and underwear sales category.

For the second quarter of 2018, the company generated operating income of $121.0 million and adjusted operating income of $124.0 million, flat compared to the same period last year. 

For fiscal 2018, diluted EPS is likely to be in the range of $1.85 to $1.90 compared to its previous guidance of $1.80 to $1.90. Net sales growth is now projected to be in the mid-single-digit range, the upper end of the company's previous range of low to mid-single digit growth.

The company expects adjusted EBITDA to be in the range of $605 to $620 million compared to $595 to $620 million previously, and free cash flow for 2018 is now expected to be in excess of $425 million for the year, higher than its previous estimate of in excess of $400 million.

Copyright © 2022 Fibre2Fashion. All rights reserved.