Gildan Activewear Inc

GIL: XTSE (CAN)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	CAD 14.30	Kzsn	Kqnkvjfl

Gildan Earnings: Good Execution Despite Market Turbulence; Shares Fully Valued

David Swartz

Nov 2, 2023

No-moat Gildan’s efficient supply chain and market positioning allowed it to overcome uneven demand and post results that eclipsed our estimates in the third quarter. While demand trends will negatively affect its full-year results, its outlook is in line with our forecast. Thus, we do not expect to make any material changes to our fair value estimates of $31/CAD 41.50, leaving shares fairly valued.

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