• Gildan Activewear returns to profitability in Q3

    29 days ago - By Fashion United

    Third quarter sales at Gildan Activewear Inc. reached 602 million dollars, down 18.6 percent, but up sequentially from 230 million dollars in the second quarter this year and the company returned to a profit with GAAP diluted EPS of 28 cents and adjusted diluted EPS of 30 cents. From a sales perspective, point of sales levels in the imprintables channel, although down on a year-over-year basis, remained relatively stable through the third quarter, while sales to retailers were up year-over-year. Gross margin totalled 22.5 percent.
    “We were pleased with the recovery of our sales and...
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  • Tendam returns to profitability in Q2

    29 days ago - By Fashion United

    Tendam Brands, the parent company of the Tendam Group, posted a return to profit in the second quarter reaching adjusted EBITDA of 31 million euros and EBT of 8.7 million euros. The company said in a statement that Tendam's total revenues reached 260.3 million euros, down 23.6 percent, buoyed by the gradual reopening of brick-and-mortar stores and by the robust growth in online sales and an increased conversion rate.
    Commenting on the trading performance, Tendam Chairman and CEO Jaume Miquel said: “We are particularly pleased with the company's performance from June through August. The...
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