×
304
Fashion Jobs
BRIDGING TALENTS
Quality Control Manager ii Retail Fashion Brand ii Jaipur / Bangalore
Permanent · Bengaluru
ALLEGIS GROUP
Opening For Sales Manager - Chennai & Kolkata
Permanent · Chennai
IDFC FIRST BANK
Opening For Area Sales Manager - Corporate Salary Mumbai
Permanent · Mumbai
TAKSHAKA INTERIORS
Req. Production Manager/Executive -Wood Furniture
Permanent · Gurugram
TATA AUTOCOMP
Opening For Production Head at Chinchwad Plant
Permanent · Pune
SKYNET OUTSOURCING SERVICES
Production Manager Api Industries-Bharuch,Ankelshwar Location
Permanent · Bharuch
THE BANYAN HR CONSULTS
Regional Sales Manager For Women's Wear Garments CO For Delhi & Ncr
Permanent · National Capital Region
PEOPLE ALLIANCE WORKFORCE
Quality Manager / Quality Head - Garments Manufacturing Company
Permanent · National Capital Region
NIKE
Senior Technical Product Manager, ed&a – Tpmo
Permanent · Bengaluru
RANDSTAD
Area Sales Manager
Permanent · Gurugram
3F INDUSTRIES
Technologist/Production Manager For Our Amino Acid Plant
Permanent · Chennai
3F INDUSTRIES
Chemical Technologist/Production Manager For Our (Cbg) Plant
Permanent · Chennai
NEWGEN
Sales Manager (South India)
Permanent · Chennai
JOBSGURU CONSULTANT
Production Manager Outsourcing - Mumbai
Permanent · Mumbai
PEOPLE ALLIANCE WORKFORCE
Asst. Manager Quality/Quality Line Officer/qa & qc- Garments Industry
Permanent · National Capital Region
DR LAL PATHLABS
Area Sales Manager : Corporate Sales l dr Lal Pathlabs
Permanent · National Capital Region
TIME TECHNOPLAST
Regional Manager
Permanent · National Capital Region
ADIDAS
sr. Manager Sales Excellence
Permanent · GURUGRAM
RRD
Associate Production Manager
Permanent · Chennai
GOKALDAS EXPORTS
Asst Manager - Production Planning (Apparel / Garment Background)
Permanent · Bengaluru
QWAZENT TALENT SOLUTIONS
Ivd Production Manager For a Leading Diagnostic Center in Hyderabad
Permanent · Hyderabad
UKB ELECTRONICS
Hiring For Production Manager(Harness) For Pune Plant
Permanent · Pune
Published
Feb 24, 2017
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Gildan finishes 2016 on a high note

Published
Feb 24, 2017

Gildan Activewear Inc. ended 2016 on a high note following a busy and exciting year for the Montreal-based apparel manufacturer who recently won a bid to buy struggling t-shirt brand American Apparel.
 
Gildan announced on Thursday an 8.1 percent increase in net sales for a total of $587.9 million, in the fourth quarter which ended January 1, 2017. Results for the Printwear segment were in-line with the company's expectations, with sales growing to $325.8 million, while inventory reductions in the fourth quarter contributed to lower than anticipated sales in its Branded Apparel segment. Net sales for the Branded Apparel segment in the quarter were $262.1 million, still up by 1.2 percent. The company also noted that the acquisitions of Alstyle and Peds contributed approximately $50 million in sales in the fourth quarter of 2016.
 

Gildan finishes 2016 on a high note. - facebook.com/GildanOnline


Year-to-date consolidated net sales were up by 1 percent at $2,585.1 million in 2016, compared to $2,568.6 million reported in calendar 2015. The increase was again attributed to strong Printwear segment sales, while Branded Apparel sales were flat compared to the prior year.
 
Net earnings for 2016 were $346.6 million, or $1.47 per share on a diluted basis compared to $346.1 million or $1.42 per diluted share for the same period of the prior year.

For 2017, Gildan expects full-year earnings in the range of $1.60 to $1.70. Adjusted EBITDA for 2017 is expected to be in the range of $555 to $585 million. The company is also projecting another record year of strong free cash flow generation in excess of $400 million.
 
Net sales in 2017 in the Printwear and Branded Apparel segments are each expected to increase in the high single digit range.
 
The company’s CEO Glenn Chamandy told analysts during a conference call that Gildan will commit to manufacturing products under the American Apparel brand in the U.S.A.
 
Gildan bought the worldwide intellectual property rights related to the American Apparel brand for $88 million. The deal closed on February 8.
 
Still, the company is expecting earnings from the acquisition of American Apparel to be neutral in 2017. 

Copyright © 2023 FashionNetwork.com All rights reserved.