Gildan Activewear’s sales are down 9% in Q1 but in line with expectations

Montreal-based apparel maker Gildan Activewear has announced net sales of $703 million for the first quarter ended April 2, 2023, representing a 9 percent decrease year-over-year. The company said that the sales drop reflected anticipated headwinds connected with the current demand environment and strong comparative periods in the first half ...