Gildan's Q4 Earnings Down Nearly 15%, Shares Drop 30%

By Kyle A. Richardson

Promotional apparel supplier Gildan Activewear, Montreal, announced Thursday that its net earnings for the fourth quarter dropped 14.6 percent, with $48.5 million in 2011 versus $56.8 million in 2010. The company said the drop in sales was expected, and projected further losses in the first quarter of 2012 before income increases later in that 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.