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Gildan Activewear reports lower earnings, rising sales in third quarter

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MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier. The Montreal-based company says net sales rose 2.3 per cent to US$869.

MONTREAL — Gildan Activewear Inc. says it earned US$127.4 million in the third quarter, down 16.7 per cent from US$153 million a year earlier.

The Montreal-based company says net sales rose 2.3 per cent to US$869.9 million, up from US$850 million during the same quarter last year.President and CEO Glenn Chamandy says the company's third-quarter performance was in line with its expectations. The company says it continues to expect its revenues will grow in the fourth quarter compared with last year.This report by The Canadian Press was first published Nov. 2, 2023.

 

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