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Gildan: Price Hikes and Production Prowess Fueled Record Sales, Earnings

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Drive by strong activewear performance, Gildan’s sales hit a record for the fourth quarter of $784 million, up 14 percent over 2020.
Rows of yarn slivers being fed into spinning rotors at one of Gildan’s state-of-the-art yarn-spinning facilities in the U.S.
CREDIT: Courtesy

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Driven by strong activewear performance, Gildan’s sales hit a record for the fourth quarter of $784 million, up 14 percent over 2020. In a Nutshell: Gildan Activewear Inc., in reporting results for the fourth quarter and year on Wednesday, provided its three-year financial outlook. Under its “Sustainable Growth plan” and based on the assumption of…

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