>>
Home / Knowledge / News / Apparel/Garments / Gildan Activewear updates Q4 earnings guidance

Gildan Activewear updates Q4 earnings guidance

28
Sep '06
Gildan Activewear Inc updated its earnings guidance for the fourth quarter of fiscal 2006, to take account of a restructuring charge resulting from the closure announced of its textile facility in Valleyfield, Quebec and the impairment in the value of its remaining Canadian textile and related manufacturing assets, and initiated its earnings guidance for fiscal 2007.

Fourth Quarter of Fiscal 2006
The highlights of the Company's fiscal 2006 updated EPS guidance are as follows:

Before the restructuring charge, the Company continues to be comfortable with its most recent guidance for diluted EPS in the fourth quarter of approximately U.S.$0.58, up 23.4 percent from EPS of U.S. $0.47 in the fourth quarter of fiscal 2005, after adjusting prior year EPS to exclude a gain of U.S. $0.01 per share on the disposal of assets held for sale.

The Company continues to expect that the Kentucky Derby Hosiery acquisition will be neither accretive nor dilutive to its EPS in the fourth quarter of fiscal 2006.

The economic impact of the rationalization of the Kentucky Derby Hosiery manufacturing operations in North Carolina and Virginia will be reflected in the purchase price accounting for the acquisition, and is not expected to materially impact operating earnings either in fiscal 2006 or fiscal 2007.

Fiscal 2007
Excluding the impact in fiscal 2007 of the Kentucky Derby Hosiery acquisition, the Company is providing initial EPS guidance for fiscal 2007 of approximately U.S. $2.50, up 21 percent from the Company's projection of U.S. $2.07 in fiscal 2006 before the restructuring charge in the current fiscal year.


Must ReadView All

Pic: Shutterstock

Textiles | On 20th Jan 2022

Chinese central bank cuts rates on medium-term loans, reverse repos

The People's Bank of China recently cut interest rates of its...

Pic: Shutterstock

Apparel/Garments | On 19th Jan 2022

AAFA urges US President Biden to act on shipping crisis, offer relief

The American Apparel & Footwear Association (AAFA) has sent a letter...

Pic: Shutterstock

Textiles | On 19th Jan 2022

Inflation peaks months earlier in Turkey than expected

Turkish finance minister Nureddin Nebati said inflation would peak in ...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Delay in adopting water sustainability both financially & environmentally...

Textile Industry, Head honchos

Textile Industry
Head honchos

Luxury is not just about high prices but ability to create desire

Textile Industry, Head honchos

Textile Industry
Head honchos

Good tidings expected for textile industry

Dr. Ajay Sahai,

Dr. Ajay Sahai

Set up in 1965 by Ministry of Commerce, Government of India to focus the...

Aashumi Mahajan,

Aashumi Mahajan

The Luxe Maison is a premiere haute couture e-boutique established after...

Atul Ganatra,

Atul Ganatra

<div>Engaged in providing a wide range of services to the entire cotton...

Daniel Odermatt, Ventile

Daniel Odermatt
Ventile

Ventile is a registered trademark used to brand a special high-quality...

Shaan Sethi, Jaanuu

Shaan Sethi
Jaanuu

Jaanuu, a vertically integrated e-commerce company, has reimagined the...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Anjali Bhaskar, Samatvam

Anjali Bhaskar
Samatvam

Samatvam, a womenswear brand that blends age-old craftsmanship with modern ...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Bani Pasricha,  Label - Bani Pasricha

Bani Pasricha
Label - Bani Pasricha

An Indian fashion-designer and a recipient of one of the most prestigious...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

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

January 2022

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


Advanced Search