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.
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)