MONTREAL — The purchase of a sock business boosted revenues and helped Gildan Activewear Inc. to higher third-quarter profits despite restructuring charges and higher expenses.
For the three months ended July 6, the firm reported net income rose 3.1 percent to $54 million, or 44 cents a diluted share, including 2 cents a share of restructuring charges, versus $52.4 million, or 43 cents, a year earlier. Excluding restructuring charges in both years, profits were $56.3 million, or 46 cents a share, in the most recent year and $57 million, or 47 cents, in the third quarter of fiscal 2007.
Issa Rae stopped by WWD's NYC headquarters to talk about season two of "Insecure," which premieres this Sunday on HBO. Click link in bio for all the details. #wwdeye (📷: @jgreenery; Styled by @mayteallende)
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"