Gildan Activewear Sees FY24 Revenue Growth To Be Flat To Up Low-single Digits; Projects FY24 Adjusted EPS Of $2.92-$3.07 Vs. $3 Estimate
Portfolio Pulse from Benzinga Newsdesk
Gildan Activewear projects its FY24 revenue growth to range from flat to a low-single digit increase. The company also forecasts its FY24 adjusted EPS to be between $2.92 and $3.07, compared to the $3 estimate.

February 21, 2024 | 11:59 am
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Gildan Activewear projects FY24 revenue growth to be flat to low-single digits and adjusted EPS of $2.92-$3.07, versus the $3 estimate.
Gildan Activewear's projection of flat to low-single digit revenue growth for FY24, along with an adjusted EPS forecast that is slightly below to slightly above the $3 estimate, suggests a cautious but potentially stable outlook. This guidance indicates management's expectation of steady performance, which might not significantly excite investors but also doesn't present a negative surprise. Therefore, the short-term impact on GIL's stock price is likely to be neutral, as the guidance aligns closely with expectations but doesn't provide a strong catalyst for growth.
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