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Why Gildan Expects a $50 Million Q3 Sales Shortfall

Fashion is at a crossroads: continue with cutting-edge strategies developed to persevere during Covid or slide back into familiar (yet unprofitable) habits? Get the experts' perspective at our in-person Sourcing Summit, Oct. 19 at New York’s Cipriani 42nd Street.

Citing lower-than-expected printed sportswear sales, Gildan Activewear Inc. said it expects to report diluted earnings per share (EPS) for the third quarter ended Sept. 29 of approximately 51 cents and adjusted diluted EPS of around 53 cents, both down 7 percent over the third quarter of 2018. Sales for the third quarter are expected to…

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