Newsletter Sign Up

Enter your email address below to receive exclusive discounts and special offers from us:

Industry News

Read Polo Shirt news
Read T-Shirt news
Read Sweatshirt news
Read all news

Polo Shirts Acceptable for Casual Office Attire

Wimbledon Fashion is More Than Just a Polo Shirt

‘Sopranos’ Costumes to be Auctioned Today


  Del.ico.us
  Google
  Yahoo MyWeb
  Blink
  Digg
  Furl
  Simpy
  Spurl

 
 
 
 
 
 

Polo-shirt manufacturer issues shareholder notice

Monday 02nd of October 2006 04:27:14 PM

T-shirt, sweatshirt and polo-shirt manufacturer Gildan Activewear has revised its earnings guidance for the final quarter of this year, a report indicates.

The changes come into play following the manufacturer's decision to close a manufacturing plant in Quebec, moving production to Central America and the Caribbean.

Gildan anticipates earnings per share (EPS) in the final three-month period will be down by approximately $0.58 (£0.31), fibre2fashion claims.

The figure represents a 23.4 per cent increase from EPS of $0.47 for the corresponding period in 2005, with the figures having been adjusted to exclude a gain of $0.01 per share following the disposal of assets.

Last week, the t-shirt and polo-shirt manufacturer announced restructuring plans which will see the closure of its Canadian golf-shirt site.

Further changes include downsizing at plants in Virginia and North Carolina, as Gildan moves its operations to Honduras and the Dominican Republic.

View our Polo Shirt collection here