Gildan Activewear Announces Record Results for Fourth Quarter of Fiscal Year and Initiates Sales and Earnings
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Consolidated gross margins in the fourth quarter were 28.3 percent, compared to 28.5 percent in the fourth quarter of last year. The positive impact of lower-cost cotton and increased supply chain and manufacturing efficiencies was offset by the impact of lower net selling prices for printwear.
SG&A expenses in the fourth quarter were U.S. $69.7 million, compared with U.S. $64.1 million in the fourth quarter of last year. The increase in SG&A expenses continued to reflect increased marketing and advertising expenses and increased variable performance-driven compensation expenses. As a percentage of sales, SG&A expenses declined slightly to 11.1 percent from 11.4 percent a year ago.
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- Companies:
- Gila Products
- Sanis Enterprises
- Places:
- U.S.
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