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.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)