- Gildan Activewear‘s adjusted earnings per share (EPS) for Q4 is 83 cents, exceeding both the previous year’s 75 cents and the estimated 81 cents.
- Net sales for the quarter reached $821.5 million, marking a 5% increase year-over-year and surpassing the forecasted $802.9 million.
- Gross margin improved to 30.8% compared to last year’s 30.2%.
- The adjusted gross margin remained at 30.8%, below the expected 31.8%.
- Adjusted operating margin increased to 21.3% from 19.7% last year.
- Inventory levels were recorded at $1.11 billion, a 1.9% rise year-over-year, slightly above the anticipated $1.1 billion.
- Market analyst recommendations include 9 buy ratings, 2 hold ratings, and 1 sell rating.
Gildan Activewear on Smartkarma
According to research on Smartkarma by Value Investors Club, Gildan Activewear Inc (GIL.) is receiving bullish coverage. The report, published on Monday, Jul 22, 2024, discusses Gildan’s position as a leading manufacturer of wholesale basic apparel founded in 1984 by CEO Glenn Chamandy. Gildan offers a wide range of products, including t-shirts, underwear, fleece, and socks for various markets like corporations, sports teams, and academic institutions. The company employs a dual-channel strategy with distributors and retailers, with a focus on private-label offerings for major retailers like Walmart.
A look at Gildan Activewear Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 2 | |
| Growth | 3 | |
| Resilience | 2 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 2.6 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Analysts reviewing Smartkarma Smart Scores for Gildan Activewear have noted a promising long-term outlook for the company. With a strong Momentum score of 4, Gildan Activewear demonstrates significant positive price momentum. This indicates that the company is likely to continue performing well in the market over the long term, appealing to investors seeking growth opportunities.
Additionally, Gildan Activewear‘s Growth score of 3 suggests that the company has solid growth prospects. While the Value, Dividend, and Resilience scores are more moderate, the overall outlook based on these Smart Scores indicates that Gildan Activewear is positioned to deliver steady performance and potential growth in the coming years.
#### Summary ####
Gildan Activewear Inc. manufactures and markets branded basic activewear, focusing on the wholesale imprinted activewear segment of the North American apparel market. The company’s product offerings include cotton T-shirts, placket collar golf shirts, tank tops, and sweatshirts.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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