Gildan Activewear Q1 2024 Adj EPS $0.59 Beats $0.51 Estimate, Sales $695.800M Beat $693.384M Estimate
Portfolio Pulse from Benzinga Newsdesk
Gildan Activewear (NYSE:GIL) reported Q1 2024 adjusted EPS of $0.59, surpassing the $0.51 estimate, with sales of $695.8M also beating the $693.384M estimate. This represents a 31.11% increase in EPS and a slight 1.01% decrease in sales from the same period last year.
May 01, 2024 | 8:57 pm
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Gildan Activewear reported a significant beat on Q1 2024 earnings and sales estimates, with adjusted EPS at $0.59 and sales of $695.8M.
Beating both EPS and sales estimates, especially with a significant 31.11% increase in EPS year-over-year, is a strong positive signal to investors. This performance could lead to increased investor confidence and potential upward movement in GIL's stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100