Gildan activewear reports first quarter 2020 results

Gildan activewear reports first quarter 2020 results.q1 gaap loss per share $0.50.q1 sales fell 26.4 percent to $459.1 million.q1 adjusted earnings per share $0.06.impairment of goodwill and intangibles gaap charge of $0.47 per share due to lower market valuations in quarter.quarterly dividend and share repurchases suspended as precautionary measures.board, ceo, and senior executive compensation reductions and other workforce measures implemented.demand deterioration that co started to see in march has increased through month of april.planning for a significant decline in point of sale (pos) and shipments for q2 of 2020..will likely see significant earnings loss in q2 of 2020..
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