Gildan Q1 earnings down almost 20% as feud over who should lead the company continues [Yahoo! Finance Canada]
Under Armour, Inc. Class C (UA)
Last under armour, inc. class c earnings: 2/11 06:55 am
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Source: Yahoo! Finance Canada
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. 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. ADVERTISEMENT Retailers wanting to hold less inventory than they did before the COVID-19 pandemic also affected the company. "We're not seeing the historical replenishment at this point that you would typically see," Chuck Ward, Gildan's president of sales, marketing and distribution, told analysts on a Wednesday call. "We and the ret
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