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Gildan Q1 earnings down almost 20% as feud over who should lead the company continues

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MONTREAL — Gildan Activewear Inc. says it earned US$78.7 million in its first quarter, down almost 20 per cent from US$97.6 million a year earlier. The Montreal-based clothing manufacturer, which reports its financial information in U.S.

MONTREAL — Gildan Activewear Inc. says it earned US$78.7 million in its first quarter, down almost 20 per cent from US$97.6 million a year earlier.

Analysts had expected the company to report a gain of about 52 cents US per share, according to financial markets data firm Refinitiv.

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