04:53 PM EDT, 04/15/2024 (MT Newswires) -- Gildan Activewear ( GIL ) reported preliminary Q1 net sales Monday of about $695 million, down 1% from $702.9 million a year earlier.

Analysts polled by Capital IQ expect $681.1 million.

For 2024, the company reiterated its adjusted earnings expectations of between $2.92 to $3.07 per diluted share. Analysts polled by Capital IQ expect normalized earnings of $2.95 per share on revenue of $3.26 billion.

The company said its five key strategic priorities include optimizing supply chain, leveraging unique brands for growth, strengthening retail partnerships, expanding international presence and developing top talent.