Gildan Activewear registered a 2.2 per cent Y-o-Y growth in net sales to $911 million in Q3, FY25. This was in line with their low single-digit growth guidance.
Their adjusted diluted EPS rose significantly by 17.6 per cent to a record $1.00, beating market expectations. Adjusted operating margin reached a record high of 23.2 per cent, an 80 basis point improvement, primarily driven by lower manufacturing costs and favorable pricing.
The company’s gross margins improved by 250 basis points to 33.7 per cent of net sales, mainly due to lower manufacturing costs and favorable pricing.
