04:33 PM EDT, 05/01/2024 (MT Newswires) -- Gildan Activewear ( GIL ) -- which has moved in recent days to refresh its board and said interest remains in buying it out --- after trade Wednesday reported a first quarter earnings and revenues beat, while reconfirming recent guidance.

It reported adjusted diluted EPS of US$0.59, up 31% on a year earlier and beating a Capital IQ forecast of US$0.51 per share. It also reported net sales of $696 million, which also beat a Capital IQ forecast of $692.25 million.

Its full year 2024 guidance has been reconfirmed.