Canada’s Gildan Activewear’s sales up 2% to $870 million in Q3 FY23

Gildan Activewear reported a slight 2 per cent increase in Q3 FY23 sales to $870 million despite a 23 per cent drop in international markets.
Profits and EPS declined due to higher costs and lower selling prices, though hosiery and underwear sales rose by 16 per cent.
Operating income for the quarter was reported at $155 million, or 17.8 per cent of sales.

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