0947 ET - Gildan Activewear is keeping costs low and improving its operations across the world, and this is bumping up margins. In 4Q, adjusted operating margin rose to 21.3% from 19.7% a year earlier, on the back of lower raw material and manufacturing input costs, partly offset by slightly lower net selling prices. Selling, general and administrative costs were $78 million, down from $88 million in the prior year. In a call, CEO Glenn Chamandy credits the ramp up of its Bangladesh facility, the modernization of its yarn production, and its operations in Latin America. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 19, 2025 09:47 ET (14:47 GMT)
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