Gildan Activewear Inc
GIL: XTSE (CAN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| YsP | LOCK|S!%#? | LOCK|#$nc<$ |
Gildan Earnings: Mixed Results, but Hanesbrands Integration Progressing; Shares Very Undervalued
Gildan's pro forma second-quarter sales fell 8% due to intentional inventory reduction and demand weakness late in the period. Due to Hanesbrands' impact, Gildan's adjusted gross margin rose 3 percentage points to 34.5% but its adjusted operating margin declined 40 basis points to 22.3%.
