Gildan Activewear Inc. (GIL,GIL.TO) reported net earnings of US$28.0 million or US$0.23 per share, compared to US$4.4 million or US$0.04 per share in the prior year quarter.
Adjusted net earnings were US$29.2 million or US$0.24 per share, compared to US$5.3 million or US$0.04 per share in the year-ago quarter.
Net sales in the first quarter increased 19.8% to US$220.4 million from US$184.0 million in the first quarter of last year.
Analysts polled by Thomson Reuters expected the company to report earnings of US$0.22 per share on revenue of US$207.00 million for the quarter. Analysts' estimates typically exclude special items.
For fiscal 2010, the company continues to project sales revenues in excess of US$1.2 billion, up about 17% over last year, and gross margins of about 26%. Street expects revenue of $1.23 billion for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.