Gildan Activewear (GIL) Tops Q2 EPS by 3c; Raises Outlook
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Gildan Activewear Reports Record Second Quarter Sales and EPS and Updates Full Year Sales and Adjusted Earnings(1) Guidance to Higher End of Range
August 2, 2018 7:01 AM EDTRecord Q2 GAAP diluted EPS of $0.51 and adjusted diluted EPS1 of $0.52, up 6% over last yearOrganic net sales growth of approximately 7%Continued growth momentum in imprintable fashion basicsInternational sales up 35% for the quarterSales and adjusted diluted EPS guidance updated to higher end of range$98 million of free cash flow1 generated in the quarterFree cash flow for the full year now expected to exceed $425 millionCompany increases size of existing NCIB program to up to 10% of public float
(1) Please refer to "Definition and reconciliation of non-GAAP financial measures"... More
