Stocks in play: Gildan Activewear Inc.

Announced results for the second quarter ended July 3, 2022. Sales of $896 million, were up 20% over the prior year, consisting of activewear sales of $758 million, up 27% and sales in the hosiery and underwear category of $138 million, down 8% over the prior year. The company generated operating income of $174 million, or 19.4% of sales in the quarter and adjusted operating income of $176 million, or 19.6% of sales compared to operating income of $160 million, or 21.4% of sales, and $149 million, or 19.9% of sales, on an adjusted basis last year. Gildan Activewear Inc. shares T.GIL are trading unchanged at $37.88.

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