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GILDAN: sales edged forward in Q3

CANADIAN bodywear brand Gildan announced third quarter results that showed consolidated net sales up by 1.27 per cent year-on-year, to CAD 674.5m. Although this fell short of previously announced guidance figures, the company said that results for the fourth quarter are expected to be significantly in excess of earnings in the same period for any previous year in the company’s history. This is attributed to benefits from reduced manufacturing costs, lower cotton costs and rapid growth in sales revenue.



Despite fluctuating business conditions in its major markets, the company continues to achieve very adequate performance.


See also:

GILDAN: retail underwear market targeted

GILDAN: price-cutting strategy adopted

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