Canada's Gildan Activewear expects single digit revenue growth in FY23

In addition, Gildan Activewear anticipates that capex will come in at the lower end of its previously stated range of 6 per cent to 8 per cent. The company also expects strong free cash flow generation as it progresses through the year, and adjusted diluted earnings per share in line with FY22, the company said in a press release.

“Even though the economic environment remains uncertain, we remain comfortable with our full year outlook given our strong competitive position, which we are reinforcing with the Gildan Sustainable Growth (GSG) strategy, and POS trends across our business coming in line with our expectations during the first quarter," said Glenn J Chamandy, Gildan’s president and CEO.

ALCHEMPro News Desk (DP)