Earnings Quality
GIL-US’s net income margin for the last twelve months is around the peer median (7.6% vs. peer median of 6.4%). This average margin combined with a level of accruals that is around peer median (3.7% vs. peer median of 3.7%) suggests there possibly isn’t too much accrual movement flowing into the company’s reported earnings.
GIL-US’s accruals over the last twelve months are positive suggesting a buildup of reserves. However, this level of accruals is also around the peer median and suggests the company is recording a proper level of reserves compared to its peers.
Trend Charts
Company Profile
Gildan Activewear, Inc. is a vertically integrated marketer and manufacturer of quality branded basic apparel and also produces hosiery for the retail market. It sells T-shirts, sport shirts and fleece in large quantities to wholesale distributors as undecorated blanks which are subsequently decorated by screen printers with designs and logos. Gildan’s Wholesale division is the leading supplier of activewear for the screen-print market in the United States, Canada, and Europe. Its products are also utilized for work uniforms and other end-uses to convey individual, group and team identity. It Retail division supplies private label and Gildan branded socks primarily sold to mass-market retailers. The company was founded Glenn J. Chamandy & H. Greg Chamandy on May 8, 1984 and is headquartered in Montreal, Canada.
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This article was originally written by abha.dawesar, and posted on CapitalCube.
