Report
David Swartz
EUR 100.00 For Business Accounts Only

Gildan Takes Prime Shelf Space Away From Gildan; We Maintain our Overvalued View

No-moat Gildan’s third-quarter numbers were overshadowed by the news that it was awarded a men’s underwear private-label contract at its (unnamed) largest retail mass customer. Walmart fits this description. While a new contract is good news, Gildan also announced this private-label contract (which begins in second-quarter 2019) would replace its branded men’s underwear at the retailer. One silver lining is the company claimed the private-label deal would expand by its total shelf space at the r...
Underlying
Gildan Activewear Inc.

Gildan Activewear is engaged in the manufacturing and selling of activewear, socks and underwear. Co. sells activewear products to screenprint markets in North America, Europe and other international markets. Co. is the supplier of activewear for the screenprint channel in the United States, Canada, Europe and Mexico. Co. sells socks and underwear, in addition to its activewear products, to mass market and regional retailers in North America.

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
David Swartz

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