- Gildan Activewear's Q3 revenue and net income decreased by -18.6% YoY and -46.2% YoY, which is largely attributable to weak printwear sales.
- The company has set targets of delivering gross profit margin above 30% and reducing SG&A-to-sales to below 12% as part of its "Back To Basics" Strategy.
- The improvement in profitability and the resumption of dividends & buybacks are key re-rating catalysts for Gildan Activewear.
- Gildan Activewear trades at 18.7 times consensus forward FY 2021 P/E, and it offers a consensus forward FY 2021 dividend yield of 1.3%.
For further details see:
Gildan Activewear: All Eyes On Profitability Improvement And Capital Return