Gildan Activewear climbs after forecasting upbeat Q1 sales

Gildan Activewear

15/04/2024 22:15

** U.S.-listed shares of apparel maker Gildan Activewear
 GIL.N  up 2.2% at $36.10 in extended trading
    ** Company forecasts preliminary Q1 net sales of $695 mln vs
LSEG estimates of $677.5 mln
        ** GIL also reaffirms its full-year 2024 sales and
profit forecasts
    ** Co said last month its board decided to put the Canadian
clothing maker up for sale and was in talks with multiple
bidders
    ** Stock up nearly 7% YTD, as of last close 

 (Reporting by Granth Vanaik in Bengaluru)
 ((Granth.Vanaik@thomsonreuters.com; Twitter: https://twitter.com/Vanaik_Granth;))