Operating in a Competitive Business, Gildan Lacks a Strong Brand or Moat
Gildan closed 2018 with a quarter marked by solid sales but higher production costs. Adjusted EPS for the fourth quarter of $0.43 nearly matched our $0.44 forecast. Sales of innerwear and hosiery of $173.4 million exceeded our forecast of $140.6 million, but represented an 8% decline from 2017's fourth quarter. Gildan’s gross margin of 26.3% fell well short of our 28.5% expectation and was an 800-basis-point drop from the fourth quarter of 2017. Its gross margin in the fourth quarter of 2018 was...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.
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.
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