Gildan Activewear Narrows FY18 Adj Earnings Outlook Range - Quick Facts

(RTTNews) - Gildan Activewear Inc. (GIL, GIL.TO) on Thursday updated its full year 2018 financial guidance and is now projecting adjusted earnings in the range of $1.85 to $1.87 per share, compared to the previous guidance range of $1.85 to $1.90 per share.

The company continues to project net sales growth for the full year to be in the mid-single-digit range driven by expected double digit growth in activewear sales.

On average, analysts polled by Thomson Reuters expect the company to report earnings of $1.87 per share on sales growth of 5.0 percent to $2.89 billion for the year. Analysts' estimates typically exclude special items.

Further, the company's Board of Directors declared a cash dividend of $0.112 per share, payable on December 10, 2018 to shareholders of record on November 15, 2018.