Gildan Cuts Full-Year Outlook and Misses Third-Quarter Sales Targets
Gildan lowered its full-year revenue outlook, citing weakening apparel demand and retail fulfillment challenges. It also missed third-quarter sales targets.
By Adriano MarcheseGildan Activewear slashed its full-year guidance, pointing to weakening consumer demand for apparel alongside retail fulfillment challenges.The apparel company on Thursday said it now expects revenue of between $5.4 billion and $5.5 billion, down from a previous expectation of be…