Gildan Activewear Announces Record Results for Fourth Quarter of Fiscal Year and Initiates Sales and Earnings
Net sales in the fourth quarter amounted to U.S. $626.2 million, up 11.5 percent from U.S. $561.7 million in the fourth quarter of fiscal 2012. The company had projected that net sales for the quarter would be in excess of U.S. $600 million.
Net sales for the printwear segment amounted to U.S. $423.9 million, up 12.5 percent from U.S. $376.8 million in the fourth quarter of fiscal 2012. Unit sales volumes increased by 18.7 percent from the fourth quarter of last year due to increased shipments in the U.S. printwear market, the non-recurrence of inventory destocking which occurred in the U.S. distributor channel in the fourth quarter of fiscal 2012 and a 37 percent increase in international sales volumes. The positive impact on net sales of higher unit sales volumes was partially offset by lower net selling prices compared to the fourth quarter of last year.
- Companies:
- Gila Products
- Sanis Enterprises
- Places:
- U.S.