Gildan Activewear (NYSE: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.
