Tilting bearing
Gildan Activewear (NYSE: GIL) reconfirmed its previous forecast and announced preliminary first-quarter revenue on Monday.
For the first quarter, Gildan (GIL) announced that sales are expected to be about $695 million, which is down about 1% from a year ago. The value of preliminary sales for the first quarter is higher than the consensus estimate of $680 million.
Additionally, CEO Vince Tyra outlined his key strategic priorities to unlock further growth potential while amplifying the company’s commercial capabilities. Trya said key priorities include successfully executing supply chain initiatives to maintain availability, cost leadership and industry-leading margins. Tyra said the company also aims to leverage its unique brands and develop distinct commercial capabilities to accelerate growth and strengthen its market position. Another priority is to deepen Gildan’s (GIL) relationships with existing and potential business partners. The company also wants to complement its strong position in the North American market with a renewed focus on select international markets to drive growth.
Assuming there is no deterioration in the current macroeconomic environment, Gildan (GIL) is confident that the priorities set will position it to continue to drive market share gains in key product categories, unlock additional opportunities in target markets and deliver financial metrics key in the 2025-2025 period. Period 2028. These financial targets include net sales growth at a compound annual growth rate in the mid-single digit range and an adjusted annual operating margin of 18% to 21%.
Gildan Activewear (GIL) is considering buyout offers.
Gildan Activewear (GIL) shares rose 2.05% in postmarket trading Monday.