Canadian firm Gildan Activewear posts sales of $696 mn in Q1 FY24

Gildan Activewear reported Q1 FY24 net sales of $696 million, down 1 per cent YoY, but activewear sales increased by 1 per cent to $592 million.
The company’s international sales also showed growth, rising by 1 per cent.
Gross profit reached $211 million, representing 30.3 per cent of net sales, an increase from the previous year’s 26.7 per cent.

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