×
1 853
Fashion Jobs
TK MAXX
Loss Prevention Officer - tk Maxx Bristol
Permanent · Bristol
LONDON CONTOUR EXPERTS
Marketing Executive/Junior Manager
Permanent · LONDON
ESTÉE LAUDER
Tom Ford - Business Manager - Flannels - Fosse Park, Leicester - 37.5 Hours - Full-Time - Permanent
Permanent · Leicester
VF INTERNATIONAL
International Account Coordinator - Ftc 12 Month
Permanent · NOTTINGHAM
TIMBERLAND
Credit Controller - German Speaking - Timberland
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - Italian Speaking - The North Face
Permanent · CALVERTON
THE NORTH FACE
Credit Controller - French Speaking - The North Face
Permanent · CALVERTON
PINKO
Supervisor
Permanent · MANCHESTER
RALPH LAUREN
Operations Manager
Permanent · Cheshire
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Edinburgh, John Lewis - 37 Hours - Full-Time, Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - Sprucefield - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
ESTÉE LAUDER
Clinique - Consultant - House of Fraser, Maidstone - 15 Hours - Part Time, Permanent
Permanent · Maidstone
ESTÉE LAUDER
Clinique - Consultant - Boots, Princes Street, Edinburgh - 14 Hours - Part Time - Permanent
Permanent · Edinburgh
ESTÉE LAUDER
Clinique - Consultant - Lisburn, Boots - 30 Hours - Full Time, Permanent
Permanent · Lisburn
HUGO BOSS
Wholesale - Senior Sales Executive - Hugo Womenswear
Permanent · London
ESTÉE LAUDER
Clinique - Consultant - John Lewis, Edinburgh - 16 Hours - Part Time, Permanent
Permanent · Edinburgh
SHISEIDO
Marketing Director - Shiseido, Clé de Peau Beauté, Drunk Elephant
Permanent · London
REISS
Buying Admin Assistant
Permanent · LONDON
Advertisements
Published
Aug 2, 2019
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gildan Activewear reports Q2 sales record, earnings dip

Published
Aug 2, 2019

Gildan Activewear saw second quarter results return to a growth trajectory on Thursday, but still reported a net income dip of 8.5 percent. 

Gildan Activewear reports Q2 sales record, earnings dip. - Facebook: American Apparel

 
For the three months ended June 30, the Montreal-based apparel manufacturer reported sales of $802 million, up approximately 5 percent from the same period last year, setting yet another second quarter record. 
 
Sales were driven primarily by the company’s activewear segment, where sales climbed 6.5 percent compared to the second quarter of 2018, reaching $665.6 million. The segment climbed due to a higher unit sales volumes of fashion basics and fleece, as well as due to volume growth in global lifestyle brand products, and higher e-commerce sales volumes. 

Still, the company reported a slight sales decline in the hosiery and underwear category of 2.2 percent, though underwear sales grew more than 50 percent over the prior year quarter, reflecting the successful launch of its new private label men’s underwear program. 
 
International sales were up slightly, though the company says it saw softness in Europe and slower growth in China. 
 
Likewise, Gildan said net income was $99.7 million or $0.49 per share on a diluted basis, which was down compared to net earnings of $109 million, or $0.51 per share on a diluted basis, reported for the same period last year. 
 
Excluding the impact of after-tax restructuring and acquisition-related costs in both years, Gildan reported adjusted net earnings of $115 million, or $0.56 per share on a diluted basis, up from $111.5 million, or $0.52 per share on a diluted basis, in the second quarter of 2018.
 
Looking forward, the company reconfirmed its 2019 full year sales guidance projecting sales growth in the mid-single-digit range and updated its full year EPS and adjusted diluted EPS guidance. 
 
It now expects 2019 GAAP diluted EPS of $1.80 to $1.85 and adjusted diluted EPS of $1.95 to $2.00, compared to its previous guidance range projecting GAAP EPS of $1.75 to $1.85 and adjusted diluted EPS of $1.90 to $2.00.
 
Meanwhile, for the third quarter of 2019, the company is projecting sales growth to be in the mid-single-digit range, lower than previously anticipated due to revised timing of fleece sales. 

Copyright © 2021 FashionNetwork.com All rights reserved.