Gildan Activewear Reports Q4 Earnings Beat Despite Decrease

Gildan Activewear Inc. reported Q4 earnings that decreased from the same period last year but exceeded analyst expectations. The company's performance could influence investor sentiment and stock prices going forward.

Date: 19-02-2025

AI Rating: 6

Earnings Per Share (EPS): Gildan Activewear reported earnings per share of $0.86, which is a decrease from $0.89 in the same quarter last year, reflecting a slight decline in profitability. However, this figure surpassed analyst expectations of $0.81 per share, indicating that despite the year-over-year decline, the company performed better than anticipated.

Revenue Growth: The company saw a revenue increase of 5.0%, reaching $821.52 million compared to $782.71 million in the previous year. This growth in revenue may indicate a solid demand for Gildan's products, which could be encouraging for investors.

Overall, while there is a decline in EPS year-over-year, the positive aspect of exceeding expectations and a strong revenue growth may help to mitigate some investor concerns.

Stocks: GIL