Shares of Gildan Activewear Inc. dropped 35 percent Thursday after the firm said fourth-quarter profits were almost cut in half and provided gloomy assessments for earnings, revenues and margins in the new year.
In the three months ended Oct. 5, net income fell 47.6 percent to $21.4 million, or 18 cents a diluted share, from $40.9 million, or 34 cents, in last year’s quarter. Excluding a one-time income tax charge reflecting a final agreement with the Canada Revenue Agency after an audit, EPS was 41 cents, 2 cents lower than analysts expected.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
"That's something that resonates with me too because I'm so locked into a number. If I go over that number it completely ruins my day so it's nice to get detached from the number on the scale." - Chelsea Handler on Kelly LeVeque's book "Body Love." #wwdeye (📷: John Salangsang)