Gildan Activewear Reports Record Q1 Earnings : Promotional Apparel

By Kyle A. Richardson

Gildan Activewear, Montreal, reported its first quarter sales and earnings on Tuesday, February 8. Despite increased cotton prices, the T-shirt and activewear manufacturer's earnings were $35.9 million, up from last year's earnings of $29.2 for the same period.

In an earning's call held on Tuesday, Laurence Sellyn, executive vice president and chief financial and administrative officer for Gildan Activewear, said, "We are pleased to announce today a fourth successive quarter of record results. Sales and earnings were both records for the first quarter of the fiscal year."

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Kyle A. Richardson Author's page

Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.