Gildan Activewear Announces Record Results for Fourth Quarter of Fiscal Year and Initiates Sales and Earnings
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Net sales for branded apparel were U.S. $202.2 million, up 9.4 percent from U.S. $184.8 million in the fourth quarter of last year. The growth in sales for the branded apparel segment was due to the impact of new Gildan branded underwear and activewear programs for retail customers, as well as higher sock sales compared to the fourth quarter of last year, partially offset by the company's strategy to exit certain retailer private label programs.
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- Companies:
- Gila Products
- Sanis Enterprises
- Places:
- U.S.
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