09:32 AM EDT, 08/01/2024 (MT Newswires) -- Gildan Activewear ( GIL ) reported Q2 adjusted earnings Thursday of $0.74 per diluted share, compared with $0.63 a year earlier.

Analysts polled by Capital IQ expected $0.72.

Net sales for the quarter rose to $862.2 million from $840.4 million a year earlier.

Analysts surveyed by Capital IQ expected $851.5 million.

The company said it expects Q3 net sales to be between flat and higher in the single digits.

Adjusted diluted EPS for the full is expected to be in the range of $2.92 to $3.07, the company said. Full-year revenue growth is expected to be flat to up low-single digits. Analysts polled by Capital IQ expect adjusted EPS of $2.96 on revenue of $3.26 billion.

Shares fell 1.5% in early trading.

Price: 40.76, Change: +0.09, Percent Change: -1.52