ATLANTA — While Gildan Activewear Inc. doubled its diluted earnings per share in the second quarter ended March 30, the Montreal-based company fell 8 cents short of its guidance provided on Jan. 30, which it blamed on retail integration issues and lower than expected unit sales growth in activewear.
Net income in the quarter nearly doubled to $41.7 million in U.S. dollars, or 34 cents per diluted share, from $21.1 million, or 17 cents per diluted share in the second quarter of 2007. Results for the quarter included various charges, including $800,000 to reflect ongoing carrying costs for Canadian and U.S. manufacturing facilities.
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?"