News: Gildan Activewear Inc (GIL)

GIL on New York Consolidated

19 Dec 2014
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$-1.17 (-2.03%)
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Thu, Dec 4 2014

UPDATE 2-Gildan forecasts loss as it cuts prices in printwear business

* Expects 2015 profit of $3.00-$3.15/share vs $2.94 last year

Gildan forecasts loss on price cuts in printwear business

- Canadian apparel maker Gildan Activewear Inc forecast a loss for the current quarter as it cuts prices in its printwear business to attract more orders from retailers.

Gildan Activewear's quarterly profit rises 27 pct

Dec 4 - Canadian apparel maker Gildan Activewear Inc's quarterly profit rose 26.8 percent, helped by higher sales of its printwear and branded apparel and its acquisition of Canadian hosiery company Doris Inc.

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