Gildan Activewear Inc. is a rapidly growing manufacturer and marketer of high quality activewear for sale in the wholesale channel of the Canadian, United States and European imprinted sportswear markets.
The Company's product lines, which bear the distinctive Gildan Activewear® brand, include T-shirts, placket collar sport shirts and fleece in both 100% cotton and 50% cotton/50% polyester blends and in a variety of weights, sizes, colours and styles. The Company sells its product as blanks, which are ultimately decorated with designs and logos for sale to consumers. 

Gildan Activewear Inc. est une société en pleine croissance qui confectionne et commercialise des vêtements de sport de qualité supérieure. Son marché est celui de la distribution en gros de vêtements de sport destinés à l'impression au Canada, aux États-Unis et en Europe. 
La gamme de produits de la société, qui arborent la marque GildanMD, inclut des T-shirts, des chandails sport et des chandails en coton molletonné 100 % coton et 50 % coton /50 % polyester, offerts dans une variété d'épaisseurs, de tailles, de couleurs et de styles. La société vend ses produits sans motif : ils sont par la suite généralement ornés de dessins, de logos ou autres avant d'être revendus aux consommateurs. 

Second Quarter Sales and Earnings
Gildan reported second quarter net earnings of U.S. $41.7 million and diluted EPS of U.S. $0.34, compared to net earnings of
U.S. $21.1 million and diluted EPS of U.S. $0.17 in the second quarter of fiscal 2007. Results for the second quarter of fiscal 2008 include a charge of U.S. $0.8 million or U.S. $0.01 per share to reflect ongoing carrying costs for Canadian and U.S. manufacturing facilities, pursuant to the closure of these facilities in fiscal 2007. Before reflecting the restructuring charges in both fiscal years, adjusted net earnings for the second quarter were U.S. $42.5 million, or U.S. $0.35 per share, up respectively 13.3% and 12.9% from adjusted net earnings of U.S. $37.5 million, or U.S. $0.31 per share, in the second quarter of last year. The growth in EPS was due to more favourable unit sales volumes, selling prices and product-mix for activewear, partially offset by increased selling, general and administrative, depreciation and interest expenses, and a higher effective income tax rate, as well as the U.S. $0.07 per share negative impact of continuing issues arising from the integration of the Kentucky Derby Hosiery acquisition into Gildan’s retail business.
The Company did not achieve its previous guidance for the second quarter of approximately U.S. $0.42 adjusted diluted EPS, which it had provided on January 30, 2008, as a result of the retail integration issues combined with lower than  projected unit sales growth in activewear resulting from a shortfall in production for the Dominican Republic textile facility, partially offset by more favourable activewear product-mix and lower than anticipated promotional discounts in the U.S. wholesale distributor channel.
Sales in the second quarter amounted to U.S. $293.8 million, up 26.5% from U.S. $232.1 million in the second quarter of last year. The increase in sales revenues was due to an increase of 98.4% in sock sales due to the acquisition of Prewett and new retail sock programs obtained in fiscal 2007, a 7.5% increase in unit volumes for activewear, an approximate 3% increase in activewear unit selling prices and a more favourable activewear product-mix. Growth in activewear unit volumes was constrained by lower than anticipated production, including delays in the introduction of new high-value ring-spun T-shirt and sport shirt products at the Company’s textile facility in the Dominican Republic. The increase in sock sales was net of the impact of exiting unprofitable sock product-lines which did not fit with Gildan’s strategy to focus primarily on high-volume basic sock programs in the U.S. mass retail channel. In addition, average selling prices for socks were reduced, as selling prices for new sock programs were based on the projected cost structure of Gildan’s new sock facility in Honduras, which is currently being ramped up to full capacity.
The growth in activewear unit sales was due to continuing market share penetration in T-shirts and fleece in the U.S.
wholesale distributor channel. The table below summarizes data from the S.T.A.R.S. report produced by ACNielsen Market
Decisions, which tracks unit volume shipments from U.S. wholesale distributors to U.S. screenprinters, for the quarter ended

March 31, 2008.
Gildan Market Share Q2 2008 Gildan Market Share Q2 2007 Gildan Unit Growth Q2 2008 vs  Q2 2007 Industry Unit Growth Q2 2008 vs.
Q2 2007
50.1% 47.4% All activewear products (0.4)% (5.9)%
50.7% 48.2% T-shirts (0.7)% (5.9)%
48.8% 42.5% Fleece 12.4% (1.9)%
35.5% 35.7% Sport shirts (14.2)% (13.6)%