Gildan Activewear, Montreal, announced its results for the fourth quarter and the year in a press release. The company also announced an "organizational realignment and related executive management changes."
The press release stated that both full-year sales and earnings for 2017 increased. Last year's net earnings reached $362.3 million, surpassing 2016's $346.6 million. Gildan finished the year with sales growth of 11.2 percent in the fourth quarter, which the company attributes to strong growth in its printwear division, which saw a sales increase of 27.6 percent. Sales in the branded apparel segment declined by 9.2 percent.
Hannah Abrams is the senior content editor for Promo Marketing. In her free time, she enjoys coming up with excuses to avoid exercise, visiting her hometown in Los Angeles and rallying for Leonardo DiCaprio to win his first second Academy Award.