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Gildan’s Sourcing Shifts Ding Q3 Profits but Offer Long-Term Benefits

Register for the Feb. 17 webinar, De-Risking Supply Chains Through Nearshoring, today to learn how to realize the benefits of localizing supply chains from factories that are helping brands successfully produce in the U.S.

Brought down in part by restructuring initiatives in its supply chain, Gildan Activewear Inc. saw net earnings for the third quarter ended Sept. 29 fall 8.2 percent to $104.9 million compared with net earnings of $114.3 million in the year-ago period. The company said “manufacturing optimization initiatives,” including consolidation of textile, hosiery, sewing and yarn…

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