Home / Knowledge / News / Apparel/Garments / Gildan Activewear Q4 sales climb 11.2% to $653.7 million
Gildan Activewear Q4 sales climb 11.2% to $653.7 million
Feb '18
Courtesy: Gildan Activewear
Courtesy: Gildan Activewear
Gildan Activewear has recorded consolidated net sales of $653.7 million for fourth quarter of 2017, a rise of 11.2 per cent compared to the corresponding quarter in 2016. This reflected an increase of 27.6 per cent in the printwear segment, including the impact of acquisition of American Apparel, partly offset by a decline of 9.2 per cent in branded apparel.

Consolidated net sales of $2,750.8 million in 2017 were up 6.4 per cent over last year. The increase reflected a 10.4 per cent increase in printwear segment sales, while Branded Apparel sales were slightly down from the prior year's level. Consolidated net sales growth for 2017 was in line with the company’s guidance provided on November 2, 2017, as higher than anticipated unit sales volumes of printwear products in the fourth quarter offset lower than expected unit sales volumes in branded apparel.

Printwear net sales of $1,822.0 million were up $170.9 million, or 10.4 per cent from $1,651.1 million in 2016 mainly due to an incremental sales contribution of approximately $94 million from the combined acquisitions of Alstyle and American Apparel, higher net selling prices and double-digit organic unit sales volume growth in fashion and performance basics, which translated to favourable product mix and increased shipments in international markets.

For the fourth quarter, the company's consolidated gross margin increased to 27.1 per cent compared to the prior year quarter. The increase was mainly due to higher net selling prices and favourable product mix in printwear, partly offset by unfavourable product mix in Branded Apparel, higher raw material costs, and the impact of additional manufacturing expenses of approximately $6 million. Consolidated gross margin for 2017 totaled 29.1 per cent.

The Company generated strong free cash flow of $165.7 million in the fourth quarter which contributed to another year for free cash flow, totaling $519.2 million for 2017, up $120.8 million or 30.3 per cent over the prior year. The increase in free cash flow for the year was driven by higher earnings, strong working capital management, and a reduction in capital expenditures compared to the prior year. Capital expenditures of approximately $95 million for 2017 were in line with the company’s previous guidance and reflected investments for textile capacity, yarn spinning, distribution, and garment dyeing expansion.

For 2018, the company is projecting adjusted diluted EPS in the range of $1.80-$1.90, which at the mid-point of the guidance range represents growth of approximately 7.5 per cent over 2017, on projected net sales growth in the low to mid-single-digit range. Adjusted EBITDA for 2018 is expected to be in the range of $595 to $620 million. The company is also projecting to generate free cash flow for 2018 of approximately $400 million. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Dreamstime.com

Apparel/Garments | On 22nd Jan 2022

Dhaka, Berlin sign €20.15-mn pact to improve RMG workers conditions

Bangladesh and Germany have signed an agreement to support five...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

UKVFTA brings positive results to bilateral trade: Vietnamese ministry

The recently effective UK-Vietnam FTA has led to positive outcomes,...

Pic: Shutterstock

Apparel/Garments | On 22nd Jan 2022

Cambodia approves new projects worth $1.9 bn, including 2 garment ones

The Council for the Development of Cambodia has approved 10 projects...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Quality & affordability to affect market acceptability of new fibres

Textile Industry, Head Honchos

Textile Industry
Head Honchos

Increase foreign exchange and create jobs

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Juan Pares Boj,

Juan Pares Boj

Textil Santanderina is a cutting-edge textile company located in...

Shivaani Jain,

Shivaani Jain

Established in 2015, Once Upon A Trunk is a one-stop-shop with almost...

Amelia Adey,

Amelia Adey

The KOOKAI Australia and New Zealand story began in 1992 when Parisian...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Giulio Cesareo, Directa Plus

Giulio Cesareo
Directa Plus

UK-based Directa Plus is one of the largest producers and suppliers...

Shlomzion Chen, Seevix

Shlomzion Chen

Seevix Material Sciences Ltd, which develops and manufactures synthetic...

Ramya Rao & Kavea R Chavali, Kalaneca

Ramya Rao & Kavea R Chavali

<div>The journey of Kalaneca (kala-Art, Neca- Nikaah) formally began in...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Manish Malhotra, Label Manish Malhotra

Manish Malhotra
Label Manish Malhotra

A multitalented designer and founder of an eponymous label, Manish...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Phong Phu international JSC (PPJ)
International Textile Manufacturers Federation
Lisa S.P.A.
SHAHI Exports Pvt Ltd
Bluestem Global Sourcing Limited
Gatsby Africa
Recron Polyester from Reliance Industries Limited
Cat Tuong Real Estate Group Joint Stock Company
Huntsman (Singapore) Pte Ltd
Rayonese Textile Inc., Division de Culp Inc.
Sateri (Jiujiang) Fiber Co.,Ltd
Eastman Chemical Company
Chico’ FAS
Helly Hansen Far East Ltd
IKEA of Sweden AB
Page Industries Limited (Bangalore)
Tory Burch Hong Kong Ltd
Arvind Limited
Vardhman Textile Ltd
NITI Aayog
T.T. Limited
MAS Active / MAS Kreeda / MAS Bodyline
C;&A Sourcing International Ltd
Hela Clothing Pvt Ltd
IDH – The Sustainable Trade Initiative
Guess Europe Sagl,
Under Armour Global Sourcing Ltd
Desigual - ABASIC, S.A.
Lenzing Aktiengesellschaft
Varner AS Retail
The LYCRA Company Singapore  Pte. Ltd
Amazon China
Tommy Hilfiger
Chori Company Limited
Tchibo GmbH
Rosset ;& Cia Limited
Maceton Limited
Lululemon Athletica Inc
Calvin Klein
Target Corporation (MN)
Gloria Jeans
Vianney Textil Hogar S.A. De C.V.
Sportswear Company Spa
Restoque S.A.
Reiter India Private Limited
Sainsbury's Argos Asia Limited
Hirdaramani International Export Private Limited
The Top Form Brassiere Manufacturing Company Limited
Esprit Europe Services GmbH
LC Waikiki
Alison Hayes Romania
Gap International Sourcing Limited
PVH Corporation
Grasim Industries Limited
Boardriders Asia Sourcing Limited
Seasalt Limited
Landmark Group
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Groz-Beckert East Asia LLP
Midas Clothing Limited
OVS Hong Kong Sourcing Ltd.
Etam Group Strategy Hong Kong Limited
Alix Partners
Brandix Lanka Limited
Green Fibre
J ;& P Coats
Sportmaster Ltd.
G-Star Raw C.V.
KAS Direct Sourcing
Gokaldas Exports Limited
Benetton Group
H;&M Hennes ;& Mauritz (Far East) Ltd
John Varvatos
Truetzschler India Private Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search