Gildan Activewear Inc
GIL: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|TY | LOCK|G@B@ | LOCK|?#<m%gj |
Gildan Earnings: Expectations Exceeded as Hanesbrands Integration Underway; Shares Undervalued
Proforma for the Hanesbrands acquisition, Gildan's first-quarter sales fell 9% on planned inventory reductions and some demand weakness. Adjusted gross margin rose 180 basis points to 33%, but adjusted operating margin fell 470 basis points to 14.3% on Hanesbrands' higher operating expenses.
