Gildan Activewear: Q1 Earnings Insights

Gildan Activewear GIL reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Earnings

Gildan Activewear missed estimated earnings by 11.76%, reporting an EPS of $0.45 versus an estimate of $0.51.

Revenue was down $72.00 million from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.02 which was followed by a 6.39% increase in the share price the next day.

Here's a look at Gildan Activewear's past performance:

Quarter Q4 2022 Q3 2022 Q2 2022 Q1 2022
EPS Estimate 0.67 0.55 0.55 0.55
EPS Actual 0.65 0.84 0.86 0.76
Revenue Estimate 759.54M 715.51M 715.51M 715.51M
Revenue Actual 720.02M 850.00M 895.60M 774.90M

To track all earnings releases for Gildan Activewear visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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