Gildan Activewear: Q1 Earnings Insights - Gildan Activewear (NYSE:GIL)

Gildan Activewear GIL reported its Q1 earnings results on Wednesday, May 3, 2023 at 04:00 PM.

Here's what investors need to know about the announcement.

Gildan Activewear missed estimated earnings by 11.76%, reporting an EPS of $0.45 versus an estimate of $0.51.

Revenue was down $72.00 million from the same period last year.

Last quarter the company missed on EPS by $0.02 which was followed by a 6.39% increase in the share price the next day.

Here's a look at Gildan Activewear's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	0.67	0.55	0.55	0.55
EPS Actual	0.65	0.84	0.86	0.76
Revenue Estimate	759.54M	715.51M	715.51M	715.51M
Revenue Actual	720.02M	850.00M	895.60M	774.90M

To track all earnings releases for Gildan Activewear visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.