Gildan Activewear Inc. (GIL.TO) revealed earnings for its first quarter that increased from last year and beat the Street estimates.
The company's bottom line totaled $84.7 million, or $0.56 per share. This compares with $78.7 million, or $0.47 per share, last year.
Excluding items, Gildan Activewear Inc. reported adjusted earnings of $89.8 million or $0.59 per share for the period.
Analysts on average had expected the company to earn $0.57 per share. Analysts' estimates typically exclude special items.
The company's revenue for the period rose 2.3% to $711.7 million from $695.8 million last year.
Gildan Activewear Inc. earnings at a glance (GAAP) :
-Earnings: $84.7 Mln. vs. $78.7 Mln. last year.-EPS: $0.56 vs. $0.47 last year.-Revenue: $711.7 Mln vs. $695.8 Mln last year.
-Guidance:Full year EPS guidance: $3.38 to $3.58
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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.