Gildan Activewear (NYS: GIL) reported earnings on Feb. 9. Here are the numbers you need to know.
The 10-second takeaway
For the quarter ended Jan. 1 (Q1), Gildan Activewear met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue contracted and GAAP earnings per share dropped to a loss.
Margins dropped across the board.
Gildan Activewear logged revenue of $303.8 million. The 11 analysts polled by S&P Capital IQ predicted revenue of $302.1 million. GAAP sales were 8.3% lower than the prior-year quarter's $331.3 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at -$0.38. The 13 earnings estimates compiled by S&P Capital IQ averaged -$0.38 per share. GAAP EPS were -$0.38 for Q1 against $0.29 per share for the prior-year quarter.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 2.1%, 2,260 basis points worse than the prior-year quarter. Operating margin was -14.6%, 2,670 basis points worse than the prior-year quarter. Net margin was -15.2%, 2,600 basis points worse than the prior-year quarter.
Next quarter's average estimate for revenue is $426.6 million. On the bottom line, the average EPS estimate is $0.19.
Next year's average estimate for revenue is $1.94 billion. The average EPS estimate is $1.30.
The stock has a five-star rating (out of five) at Motley Fool CAPS, with 246 members out of 258 rating the stock outperform, and 12 members rating it underperform. Among 88 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 87 give Gildan Activewear a green thumbs-up, and one give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Gildan Activewear is outperform, with an average price target of $22.51.
With hundreds of companies like Gildan Activewear competing for shoppers' limited dollars, strong brands matter. Household names can provide growth for even boring, mature companies -- as long as you choose the right ones. Learn about a few who have what it takes in "3 American Companies Set to Dominate the World." Click here for instant access to this free report.
Add Gildan Activewear to My Watchlist.
At the time thisarticle was published Seth Jayson had no position in any company mentioned here at the time of publication. You can view his stock holdings here. He is co-advisor ofMotley Fool Hidden Gems, which provides new small-cap ideas every month, backed by a real-money portfolio. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.