Company Earnings UpdateGildan Activewear (NYSE: GIL) Issues Profit Warning, Lowering FY19 Guidance on Weak Imprintables Demand Coresight Research October 23, 2019 Executive SummaryOn October 17, 2019, Gildan Activewear issued a profit warning for 3Q19 results and revised its 2019 full-year guidance. Gildan now expects revenue for 3Q19 to be approximately $740 million, down 2% from the year-ago quarter. The company offered revised guidance for 3Q19 GAAP EPS of $0.51 and adjusted EPS of $0.53, both down 7% from 3Q18. Gildan assumes the current demand for imprintable apparel in North America and ongoing softness in international markets will persist through 4Q19. Please Login to read the full report. Not a member? To access this content for free, register for a free account. This document was generated for Other research you may be interested in: Retail-Tech Landscape: Supply Chain TechnologyUS CPG Sales Tracker: Homecare and Health Dominate at the Start of 2025Earnings Insights 4Q24, Week 6: Sales Decline for Kroger, Macy’s, Ross Stores and Other Retailers—InfographicDepartment Stores in Focus; Plus, Consumer Sentiment Latest: US Consumer Survey Insights
