Gildan Announces Record Second Quarter Results, Report Suggests Company May Shift Away from Private Label
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Net sales for the quarter were $523 million, up 8.4 percent from $482.6 million. Of that, $368 million was sold through the company's printwear business, up from $360.9 million. Gildan Activewear's other segment, branded apparel, saw sales of $155 million, up 27.4 percent from $121.7 million in the second quarter of 2012. The May 2012 purchase of Anvil Knitwear was cited as one reason for both increases.
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- Companies:
- Anvil Knitwear
- Gila Products
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