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BRIEF-Gildan Activewear Reports Q4 Adjusted Earnings Per Share $0.41

Published 2020-02-20, 07:55 a/m
BRIEF-Gildan Activewear Reports Q4 Adjusted Earnings Per Share $0.41

Feb 20 (Reuters) - Gildan Activewear Inc GIL.TO :

* GILDAN ACTIVEWEAR REPORTS FOURTH QUARTER AND FULL YEAR 2019 RESULTS AND INITIATES GUIDANCE FOR 2020

* Q4 ADJUSTED EARNINGS PER SHARE $0.41

* Q4 SALES FELL 11.3 PERCENT TO $658.7 MILLION

* Q4 GAAP EARNINGS PER SHARE $0.16

* SEES FY 2020 ADJUSTED EARNINGS PER SHARE $1.85 TO $1.95

* SEES FY 2020 SALES UP 2 TO 4 PERCENT

* SEES FY 2020 GAAP EARNINGS PER SHARE $1.70 TO $1.80

* GILDAN ACTIVEWEAR - DOES NOT PROJECT AND HAS NOT INCORPORATED IN GUIDANCE ANY MEANINGFUL IMPACT ON BUSINESS RESULTING FROM OUTBREAK OF CORONAVIRUS

* WE ARE PROJECTING LOWER SALES IN HOSIERY AND UNDERWEAR CATEGORY IN Q1 OF 2020

* FY2020 EARNINGS PER SHARE VIEW $1.94, REVENUE VIEW $2.93 BILLION -- REFINITIV IBES DATA

* Q4 EARNINGS PER SHARE VIEW $0.41 -- REFINITIV IBES DATA

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