GIL Latest Report

Performance Review

Gildan Activewear (stock code: GIL) reported an operating revenue of RMB891,106,000 on September 29, 2024. This data reflects the company's sales performance during the reporting period, although it did not provide the operating revenue in the previous period for a year-on-year change analysis, but the absolute value still helps to assess the company's sales situation in that period.

Key Data in the Financial Report

1. Gildan Activewear's operating revenue in 2023 was US$2.413 billion, a year-on-year decrease of 4.26%.

2. Its net profit in 2023 was US$380 million, a year-on-year decrease of 16.91%.

3. The overall market growth rate of the sports apparel industry in 2024 is expected to be 11.91%.

4. Gildan's recent stock price has risen in the market reaction, indicating positive recognition of its performance.

5. The inventory decline of competitors such as Adidas and Nike suggests an improvement in order demand.

Peer Comparison

1. Industry-wide analysis: The sports apparel industry has benefited from the promotion of healthy lifestyles in recent years, with consumers' demand for sports apparel continuing to increase, and the overall market performance is good. It is expected that the industry will continue to grow in 2024.

2. Peer evaluation analysis: Gildan Activewear's operating revenue of RMB891,106,000 is competitive in the sports apparel industry, but its specific industry ranking and performance need to be compared with other brands' revenue. Although Gildan faces opportunities for industry-wide growth, its declining revenue and net profit in 2023 indicate potential pressure.

Summary

Gildan Activewear's operating revenue in 2024 was RMB891,106,000, although it did not compare with previous data, but in the context of a good overall market, the company's sales performance shows a certain potential. However, the decline in its operating revenue and net profit in 2023 suggests that the company faces challenges, and its future market performance still needs to be focused on the effectiveness of its marketing strategies and product innovations.

Opportunities

1. The overall market growth rate of the sports apparel industry is expected to be 11.91%, providing Gildan with opportunities to gain a larger share in market expansion.

2. The promotion of healthy lifestyles helps to drive the demand for sports apparel, and Gildan can enhance its brand influence through further marketing.

3. The launch of new products or improvement of existing products may attract more consumers and increase sales.

4. If competitors perform poorly, Gildan can seize the opportunity to expand its market share.

Risks

1. The decline in revenue and net profit in 2023 may affect investor confidence and, in turn, affect stock price performance.

2. The inventory decline of competitors may lead to increased competition, and Gildan needs to remain vigilant to respond to market changes.

3. If market demand does not grow as expected, it may affect future operating revenue.

4. The lack of product innovation and marketing effectiveness will limit the company's sales growth potential.