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In an earnings call yesterday, Laurence Sellyn, chief financial officer for Gildan Activewear, stated, "We are forecasting a loss of approximately 40 cents per share in the first quarter of fiscal 2012, which will be only the second quarterly loss in our history as a public company, followed by an anticipated gradual strengthening in our results during the balance of the year due to assumed significantly lower cotton cost in the second half of the fiscal year as well as increased manufacturing efficiencies."
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- Companies:
- Broder Bros.
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Kyle A. Richardson
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Kyle A. Richardson is the editorial director of Promo Marketing. He joined the company in 2006 brings more than a decade of publishing, marketing and media experience to the magazine. If you see him, buy him a drink.
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