04:39 PM EDT, 04/29/2025 (MT Newswires) -- Gildan Activewear ( GIL ). (GIL.TO, GIL) was last seen down 1.8% in after-hours New York trade Tuesday even the apparel marker reported better a than expected first-quarter results while maintaining its full-year guidance even accounting for the impact of tariffs.

The company said its adjusted earnings, excluding most one-time items, fell 9.4% to US$89.8 million, or US$0.59 per share, down the year-prior quarter's US$99.1 million, or US$0.59, but better than the US$0.57 consensus forecast at FactSet.

Net sales rose to US$711.7 million, up 2.3% from US$695.8 million and meeting the FactSet forecast of US$711.8 million.

Despite U.S. tariff policies, Gildan is reconfirmed its guidance, with revenue growth for the full year to be up mid-single digits; and full year adjusted operating margin to be up approximately 50 basis points. Capital expenditures are seen at approximately 5% of sales.

Also, it reaffirmed adjusted earnings per share in the range of US$3.38 to US$3.58, up between near 13% and near 19% year over year, while seeing free cash flow above US$450 million.

"Through the continued successful execution of our three strategic pillars -- capacity expansion, innovation and ESG -- we are not only further strengthening our competitive position but also driving top line growth and enhancing profitability. Our solid foundation, underpinned by our vertically integrated business model, and our operational and financial discipline, provide us with agility to navigate the current uncertain environment. We remain deeply committed to delivering long-term value for our stakeholders and to diligently executing on the opportunities that lie ahead," said chief executive Glenn Chamandy.

The company's shares were last seen down US$0.77 to US$42.13 after hours. They closed up $0.49 to $59.31 on the Toronto Stock Exchange.