← Gildan Activewear Inc.
| Annual Trend | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | FY 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | $2.8b |
$2.9b
+5.73%
|
$2.8b
-2.91%
|
$2.0b
-29.84%
|
$2.9b
+47.51%
|
$3.2b
+10.88%
|
$3.2b
-1.38%
|
$3.3b
+2.34%
|
$3.6b
+10.66%
|
$4.7b
+30.90%
|
|
| Net sales (note 29) | $2.8b |
$2.9b
+5.73%
|
$2.8b
-2.91%
|
— | $2.0b |
$2.9b
+47.51%
|
$3.2b
+10.88%
|
$3.3b
+0.93%
|
$3.6b
+10.66%
|
— | |
| Cost of Revenue | $1.9b |
$2.1b
+7.85%
|
$2.1b
+0.80%
|
$1.7b
-18.27%
|
$2.0b
+14.44%
|
$2.2b
+13.40%
|
$2.3b
+3.02%
|
$2.3b
-2.11%
|
$2.5b
+9.81%
|
$3.4b
+35.81%
|
|
| Cost of sales | $1.9b |
$2.1b
+7.85%
|
$2.1b
+0.80%
|
— | $1.7b |
$2.0b
+14.44%
|
$2.2b
+13.40%
|
$2.3b
+0.84%
|
$2.5b
+9.81%
|
$3.4b
+35.81%
|
|
| Net Interest Income | — | — | — | — | — | ($39.3m) |
($79.5m)
-102.40%
|
($107.7m)
-35.40%
|
($154.6m)
-43.62%
|
($226.7m)
-46.62%
|
|
| Gross Profit | $801.2m |
$806.0m
+0.59%
|
$704.5m
-12.59%
|
$249.1m
-64.65%
|
$940.2m
+277.50%
|
$940.2m
0.00%
|
$880.1m
-6.40%
|
$1.0b
+14.05%
|
$1.1b
+12.57%
|
$1.4b
+20.07%
|
|
| Selling, general and administrative expenses (note 18(a)) | $377.3m | $368.5m | $340.5m | — | $272.3m | $314.2m | $324.1m | $390.8m | $389.4m | $632.8m | |
| Operating Lease Income | — | — | $35.8m | — | — | — | — | — | — | — | |
| Restructuring And Mergern Acquisition | — | — | — | — | — | $3.7m | $27.6m | $5.6m | $118.3m | $177.4m | |
| Restructuring and acquisition-related costs (recoveries) (note 19) | $22.9m | $34.2m | $47.3m | — | $48.2m | $8.2m | $479k | ($5.3m) | $120.6m | — | |
| Operating income | $401.0m |
$403.2m
+0.54%
|
$289.0m
-28.32%
|
($180.8m)
-162.58%
|
($180.8m)
0.00%
|
$651.9m
+460.47%
|
$549.7m
-15.68%
|
$612.9m
+11.51%
|
$740.5m
+20.82%
|
$723.9m
-2.25%
|
|
| EBIT | $401.0m | $403.2m | $289.0m | ($180.8m) | $595.2m | $621.4m | $599.5m | $589.0m | $422.2m | ||
| Total Operating Income As Reported | $401.0m | $403.2m | $289.0m | — | ($180.8m) | $603.4m | $643.9m | $618.2m | $619.9m | $723.9m | |
| Interest Expense | — | — | — | — | — | $28.8m | $57.2m | $85.5m | $117.8m | $179.7m | |
| Net Non Operating Interest Income Expense | — | — | — | — | — | ($39.3m) | ($79.5m) | ($107.7m) | ($154.6m) | ($226.7m) | |
| Gain On Sale Of PPE | — | — | — | — | — | $3.3m | $6.9m | $10.9m | ($2.3m) | ($81.1m) | |
| Gain On Sale Of Security | — | — | — | — | — | $2.3m | ($153k) | $3.5m | $2.4m | $335k | |
| Other Income Expense | — | — | — | — | — | ($60.4m) | $94.0m | $8.8m | ($114.7m) | ($254.7m) | |
| Earnings before income taxes | $376.8m | $372.1m | $249.8m | — | ($229.4m) | $624.6m | $566.4m | $514.1m | $471.2m | — | |
| Pre-Tax Income | — | — | — | — | — | $566.4m | $564.2m | $514.1m | $471.2m | $242.5m | |
| Current Tax Expense (Income) | $14.5m | $21.4m | $10.0m | — | $4.1m | $17.4m | $24.9m | $113.2m | $55.7m | — | |
| Deferred Tax Expense (Income) | $4.9m | $8.9m | ($23.6m) | ($7.7m) | ($965k) | $17.4m | $10.1m | $12.7m | ($4.7m) | — | |
| Income Tax Expense Continuing Operations | $14.5m | $21.4m | ($10.0m) | ($4.1m) | $17.4m | $17.4m | $30.6m | $113.2m | $77.3m | $35.8m | |
| Income tax expense (note 20) | $14.5m | $21.4m | ($10.0m) | — | ($4.1m) | $17.4m | $24.9m | $113.2m | $77.3m | $35.8m | |
| Net Income From Continuing And Discontinued Operation | $362.3m | $350.8m | $259.8m | ($225.3m) | $607.2m | $541.5m | $533.6m | $400.9m | $398.9m | $60.5m | |
| Net earnings from continuing operations | — | — | — | — | — | — | — | $400.9m | $393.9m | — | |
| Net earnings | $362.3m |
$350.8m
-3.19%
|
$259.8m
-25.93%
|
— | ($225.3m) |
$607.2m
+369.52%
|
$541.5m
-10.81%
|
$400.9m
-25.98%
|
$398.9m
-0.50%
|
$60.5m
-84.83%
|
|
| Net Income Discontinuous Operations | — | — | — | — | — | — | — | $0 | $4.9m | ($146.1m) | |
| Basic Earnings (Loss) Per Share | $1.62 | $1.66 | $1.27 | ($1.14) | $3.08 | $3.08 | $3.03 | $2.46 | $2.61 | $0.51 | |
| Diluted Earnings (Loss) Per Share | $1.61 | $1.66 | $1.27 | ($1.14) | $3.07 | $3.07 | $3.03 | $2.46 | $2.61 | $0.51 | |
| Basic Average Shares | — | — | — | — | — | $184.2m | $176.1m | $162.9m | $153.0m | $169.9m | |
| Diluted Average Shares | — | — | — | — | — | $184.5m | $176.2m | $163.2m | $153.1m | $170.0m | |
| Additional Financial Items | |||||||||||
| Applicable Tax Rate | $0 | $0 | $0 | $0 | $0 | — | $0 | $0 | $0 | — | |
| Average Effective Tax Rate | $0 | $0 | ($0) | $0 | $0 | — | $0 | $0 | $0 | — | |
| Depreciation Right of Use Assets | — | — | $13.3m | $14.7m | $14.0m | — | $13.4m | $14.1m | $18.7m | — | |
| Impairment Loss Recognised In Profit Or Loss Intangible Assets Other Than Goodwill | — | — | — | — | $31.5m | — | — | — | — | — | |
| Impairment Loss Reversal Of Impairment Loss Recognised In Profit Or Loss | — | — | — | — | ($31.5m) | — | ($40.8m) | $0 | — | — | |
| Profit Loss Attributable To Owners Of Parent | $362.3m | $350.8m | $259.8m | ($225.3m) | $607.2m | $541.5m | $533.6m | $400.9m | $398.9m | — | |
| Profit Loss Before Tax | $376.8m | $372.1m | $249.8m | ($229.4m) | $624.6m | — | ($300k) | ($400k) | ($200k) | — | |
| Profit Loss From Operating Activities | $401.0m | $403.2m | $289.0m | ($180.8m) | $651.9m | — | $643.9m | $618.2m | $619.9m | — | |
| Diluted EPS | — | — | — | — | — | $2.93 | $3.03 | $2.46 | $2.61 | $0.51 | |
| Diluted NI Availto Com Stockholders | $362.3m | $350.8m | $259.8m | ($225.3m) | $607.2m | $541.5m | $533.6m | $400.9m | $398.9m | $60.5m | |
| Impairment Of Capital Assets | — | — | — | — | ($31.5m) | $62.3m | ($40.8m) | $0 | — | $0 | |
| Normalized EBITDA | — | — | — | — | — | $780.6m | $649.0m | $728.9m | $851.3m | $624.4m | |
| Normalized Income | — | — | — | — | — | $599.3m | $444.6m | $394.0m | $489.8m | $423.7m | |
| Other Gand A | $141.3m | $135.7m | $121.3m | $101.5m | $147.3m | $147.1m | $151.9m | $218.5m | $179.6m | — | |
| Other Special Charges | — | — | — | — | — | — | ($74.2m) | — | ($3.5m) | — | |
| Reconciled Depreciation | $162.2m | $158.1m | $156.8m | $147.2m | $135.4m | $124.9m | $121.6m | $138.2m | $147.6m | $202.2m | |
| Selling General And Administration | $377.3m | $368.5m | $340.5m | $272.3m | $314.2m | $326.3m | $330.4m | $390.8m | $389.4m | — | |
| Special Income Charges | — | — | — | — | — | ($62.8m) | $94.2m | $5.3m | ($117.1m) | ($255.0m) | |
| Tax Effect Of Unusual Items | — | — | — | — | — | ($2.7m) | $5.1m | $1.9m | ($18.8m) | ($37.6m) | |
| Tax Provision | — | — | — | — | — | $24.9m | $30.6m | $113.2m | $77.3m | $35.8m | |
| Tax Rate For Calcs | — | — | — | — | — | $0 | $0 | $0 | $0 | $0 | |
| Write Off | — | — | — | — | ($2.6m) | $2.1m | — | — | — | — | |
| Gains (losses) arising from sale and leaseback transactions | — | — | — | — | — | — | ($25.0m) | $0 | — | — | |
| Net insurance gains (note 16(f)) | — | — | — | — | — | — | ($74.2m) | $0 | — | — | |
| Impairment reversal | — | — | — | — | — | ($31.5m) | $62.3m | $0 | — | — | |
| Discontinued operations | — | — | — | — | — | — | — | $0 | $4.9m | — | |
| Cash flow hedges (note 16(d)) | ($27.1m) | ($10.2m) | ($3.9m) | — | ($8.5m) | $73.8m | ($55.0m) | ($13.7m) | ($37.2m) | — | |
| Actuarial (loss) gain on employee benefit obligations (note 13(a)) | ($64k) | ($1.7m) | ($1.3m) | — | $12.1m | ($21.7m) | $8.1m | ($817k) | ($2.4m) | — | |
| Translation adjustments | — | — | — | — | — | — | — | $0 | $16.9m | — | |
| Other comprehensive income | ($27.1m) | ($11.9m) | ($5.2m) | — | $3.6m | $52.2m | ($46.9m) | ($14.5m) | ($22.7m) | — | |
| Comprehensive income | $335.2m | $338.9m | $254.6m | — | ($221.6m) | $659.4m | $494.7m | $386.4m | $376.2m | — | |
| Administrative Expense | $141.3m | $135.7m | $121.3m | $101.5m | $147.3m | $147.1m | $151.9m | $218.5m | $179.6m | — | |
| Depreciation And Amortisation Expense | $162.2m | $158.1m | $156.8m | $147.2m | $135.4m | $124.9m | $121.6m | $138.2m | $147.6m | — | |
| Employee Benefits Expense | $550.8m | $593.7m | $592.4m | $469.9m | $566.8m | — | $663.1m | $656.3m | $756.6m | — | |
| Expense From Share-Based Payment Transactions With Employees | $16.1m | $20.0m | $16.3m | $2.0m | $37.7m | — | $27.1m | $64.5m | $67.8m | — | |
| Expense Relating To Variable Lease Payments Not Included In Measurement Of Lease Liabilities | — | — | $57.5m | $55.1m | $45.8m | — | $80.2m | $116.8m | $276.2m | — | |
| Postemployment Benefit Expense Defined Benefit Plans | — | — | — | — | — | — | — | — | $395k | — | |
| Postemployment Benefit Expense Defined Contribution Plans | $4.4m | $4.3m | $6.6m | $4.5m | $5.3m | — | $5.4m | $6.7m | $7.8m | — | |
| Selling Expense | $118.6m | $108.4m | $99.4m | $76.3m | $68.6m | — | $68.5m | $55.5m | $74.7m | — | |
| Operating Expense | $377.3m | $368.5m | $340.5m | $272.3m | $314.2m | $326.3m | $330.4m | $390.8m | $389.4m | $632.8m | |
| Financial expenses, net (note 16(c)) | $24.2m | $31.0m | $39.2m | — | $48.5m | $27.3m | $37.0m | $104.2m | $148.7m | — | |
| Net Foreign Exchange Loss | ($1.3m) | ($1.5m) | ($929k) | — | — | — | — | — | — | — | |
| Total Unusual Items | — | — | — | — | — | ($60.4m) | $94.0m | $8.8m | ($114.7m) | ($254.7m) | |
| Total Expenses | — | — | — | — | — | $2.6b | $2.6b | $2.7b | $2.9b | $4.0b | |
| Total Other Finance Cost | — | — | — | — | — | $10.5m | $22.3m | $22.2m | $36.8m | $48.0m |
Values abbreviated: b = billions, m = millions, k = thousands. Per share data in USD.