Gildan activewear reports third quarter 2019 results

Gildan activewear reports third quarter 2019 results.q3 gaap earnings per share $0.51.q3 sales fell 2 percent to $740 million.q3 adjusted earnings per share $0.53.announces move of textile and sewing production from mexico to central america and caribbean basin.gildan activewear-weaker imprintables order flow in north america, international imprintables market softness dampening 2019 sales, earnings growth.incurred $4.4 million of restructuring and acquisition-related costs in q3.projecting full year 2019 sales to be down low-single-digit.2019 activewear sales to be down low-single-digits due to downturn in imprintables sales in north america, internationally.gross margin for full year of 2019 is now projected to be below 2018 level.2019 guidance does not include potential additional gaap charges that could range between $35 to $45 million in q4.gaap diluted eps for 2019 is now projected to be $1.43 to $1.48.2019 adjusted diluted eps is expected to be in range of $1.65 to $1.70.2019 adjusted ebitda to be in range of $545 to $555 million.2019 free cash flow expected to be $200 to $250 million.fy2019 earnings per share view $1.66, revenue view $2.84 billion -- refinitiv ibes data.q3 earnings per share view $0.54, revenue view $790.7 million -- refinitiv ibes data.currently assessing fully phasing out of our direct ship-to-the-piece imprintables business.
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