Gildan Q1 earnings down almost 20% as feud over who should lead the company continues [Financial Post (Toronto, Ontario, Canada)]
Gildan Activewear, Inc. Class A Sub. Vot. (GIL)
Last gildan activewear, inc. class a sub. vot. earnings: 4/29 04:15 pm
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Source: Financial Post
As Gildan Activewear Inc. executives continued to argue with its top shareholders over who should lead the company, which is open to a sale, the business reported its earnings fell almost 20 per cent in its first quarter. The fight has seen some of the Montreal-based company's shareholders urge Gildan to return former chief executive Glenn Chamandy to the helm of the business, a position one-time Fruit of the Loom leader Vince Tyra landed in January. Article content Article content Tyra and other Gildan executives attributed the lower results in its first quarter not to the leadership battle but expected softness that materialized in its hosiery and underwear segment. Sales across the category totalled US$103.7 million, down 10 per cent from a year earlier. They reflected “broader market weakness” and a March end to the licensing agreement the company had with sportswear giant Under Armour. Retailers wanting to hold less inventory than they did before the COVID-19 pandemi
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News
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- Gildan Activewear Board of Directors Issues Letter to Shareholders [Financial Post (Toronto, Ontario, Canada)]Financial Post
- Gildan Activewear Board of Directors Issues Letter to Shareholders [Yahoo! Finance]Yahoo! Finance
- Gildan Activewear Board of Directors Issues Letter to ShareholdersGlobeNewswire
GIL
Earnings
- 5/1/24 - Beat
GIL
Sec Filings
- 5/15/24 - Form 6-K
- 5/13/24 - Form 6-K
- 5/9/24 - Form 6-K
- GIL's page on the SEC website