Gildan Activewear Q4 Results Top Estimates: Guides FY24 Adj. EPS In Line; Boosts Dividend 10%

RTTNews | 555 dias atrás
Gildan Activewear Q4 Results Top Estimates: Guides FY24 Adj. EPS In Line; Boosts Dividend 10%

(RTTNews) - Basic apparel maker Gildan Activewear, Inc. (GIL, GIL.TO) reported Wednesday that net earnings for the fourth quarter soared to $153.3 million or $0.89 per share from $83.9 million or $0.47 per share in the prior-year quarter.

Excluding items, adjusted earnings for the quarter were $0.75 per share, compared to $0.65 per share in the year-ago quarter.

Net sales for the quarter grew 8.7 percent to $782.7 million from $720.0 million in the same quarter last year.

On average, analysts polled by Thomson Reuters expected the company to report earnings of $0.73 per share on revenues of $761.19 million for the quarter. Analysts' estimates typically exclude special items.

Looking ahead to fiscal 2024, the company now projects adjusted earnings in a range of $2.92 to $3.07 per share on net sales growth at between flat and up low-single digits. The Street is looking for earnings of $3.00 per share on revenues of $3.27 billion for the year.

On Tuesday, the company's Board of Directors has approved a 10 percent increase in quarterly cash dividend to $0.205 per share, payable on April 8, 2024, to shareholders of record on March 13, 2024.

For more earnings news, earnings calendar, and earnings for stocks, visit rttnews.com

Marcadores : GIL GIL.TO
read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 3h 7min atrás
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 5h 57min atrás
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 6h 26min atrás
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 9h 29min atrás
U.S. Consumer Prices Increase In Line With Estimates In July

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 10h 12min atrás