BUZZ-Gildan Activewear Inc: Weak Q3 forecast

Fri Jul 31, 2015 11:08am EDT
Email This Article |
Share This Article
  • Facebook
  • LinkedIn
  • Twitter
| Print This Article
[-] Text [+]

** Canadian apparel maker's U.S.-listed shares down 6 pct at $33; Toronto-listed shares down 5.7 pct at $43.05

** Forecasts lower-than-expected Q3 profit and revenue

** Reports Q2 profit and revenue below estimates, hurt by lower selling prices in its printwear business, which sells plain T-shirts, fleece, and sport shirts mainly to wholesale distributors and screen printers and accounts for 67 pct of sales

** Up to Thursday's close, U.S.-listed shares had risen more than 24 pct this year