US’ Gildan posts $3.27 bn revenue in FY24, sees strong profit growth
Gildan Activewear has reported a revenue of $3.27 billion in FY24, up 2 per cent YoY, with a $1 billion gross profit and a 21.3 per cent adjusted operating margin. Q4 sales rose 5 per cent to $822 million. Net earnings fell to $400.9 million due to higher taxes. For 2025, the company expects mid-single-digit revenue growth, a 50-bps margin increase, and adjusted EPS of $3.38–$3.58.
Gildan Activewear has reported a revenue of $3.27 billion in FY24, up 2 per cent YoY, with a $1 billion gross profit and a 21.3 per cent adjusted operating margin.
Q4 sales rose 5 per cent to $822 million.
Net earnings fell to $400.9 million due to higher taxes.
For 2025, the company expects mid-single-digit revenue growth, a 50-bps margin increase, and adjusted EPS of $3.38–$3.58.
