Gildan’s Sales & Earnings Decline in Q1 as Proxy Fight Continues

As a battle with activist investors and co-founder/former CEO Glenn Chamandy continues, Top 40 supplier Gildan (asi/56842) reported Wednesday, May 1, that its sales dropped 1% and its net earnings were down about 20% year over year in the first quarter of 2024. The financial report comes as the publicly traded apparel manufacturer is reportedly…

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