Gildan Activewear (GIL) Misses Q1 EPS by 4c, Announces 2-for-1 Stock Split

Gildan Activewear (NYSE: GIL) reported Q1 EPS of ($0.34), $0.04 worse than the analyst estimate of ($0.30). Revenue for the quarter came in at $390.6 million, versus $451.4 million reported last year.

Gildan Activewear sees Q2 2015 EPS of $0.46-$0.48, versus the consensus of $0.62.

On February 4, 2015, the Board of Directors approved a share dividend of one common share for each issued and outstanding common share of the Company, which has the same effect as a two-for-one stock split of the Company's outstanding common shares. The Company's share dividend on the common shares will be paid on March 27, 2015 to shareholders of record at the close of business on March 20, 2015 and is designated as an "eligible dividend" for Canadian tax purposes.

For earnings history and earnings-related data on Gildan Activewear (GIL) click here.

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