Earnings Call Summary | Gildan Activewear(GIL.US) Q1 2024 Earnings Conference
Earnings Call Summary | Gildan Activewear(GIL.US) Q1 2024 Earnings Conference
The following is a summary of the Gildan Activewear's (GIL) Q1 2024 Earnings Call Transcript:
以下是吉尔丹运动服（GIL）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Gildan Activewear reported Q1 sales of $696 million, a slight 1% decline from the previous year, attributed to lower net selling prices and an unfavorable product mix.
Despite this slight dip in sales, the company experienced a significant double-digit increase in adjusted earnings growth for the quarter.
Q1 operating margin stayed strong, showing an adjusted gross margin of 30.3%.
The company significantly improved its free cash flow, using only $71 million in the quarter as opposed to $202 million in the same period last year.
Gildan maintained a net debt of $1.1 billion, keeping a net debt leverage ratio of 1.6 times, in line with target levels.
Gildan Activewear报告称，第一季度销售额为6.96亿美元，比上年略有下降1％，这要归因于净销售价格下降和不利的产品组合。
尽管销售额略有下降，但该公司本季度调整后的收益增长还是实现了两位数的大幅增长。
第一季度营业利润率保持强劲，调整后的毛利率为30.3％。
该公司显著改善了自由现金流，本季度仅使用了7100万美元，而去年同期为2.02亿美元。
吉尔丹维持了11亿美元的净负债，将净负债杠杆率保持在1.6倍，与目标水平一致。
Business Progress:
业务进展：
Gildan's operations saw continued market momentum for ring-spun and fleece products, offset somewhat by decreased hosiery and underwear demand.
The manufacturing complex in Bangladesh is on track, expected to reach 75% capacity by the end of 2024.
The company expects continued strength in key product categories, in particular, fleece and ring-spun t-shirts.
Leadership remains focused on supply chain excellence, brand enhancement, commercial capacity growth, international market expansion, and staff development.
Expectations are positive for growth opportunities as new retail programs are implemented throughout the year.
Despite broader market weakness in underwear, the company is increasing its share in international markets. Gildan is also strategizing with competitive pricing to gain additional international market shares.
Gildan has successfully launched new product styles contributing to continued business innovation.
Gildan的业务看到了环纺和羊毛产品的持续市场势头，但丝袜和内衣需求的减少在一定程度上抵消了这一势头。
孟加拉国的制造综合体已步入正轨，预计到2024年底将达到75％的产能。
该公司预计，关键产品类别将继续保持强劲势头，尤其是羊毛和环锭纺T恤。
领导层仍然专注于卓越的供应链、品牌提升、商业产能增长、国际市场扩张和员工发展。
随着新零售计划的全年实施，对增长机会的预期是积极的。
尽管内衣市场普遍疲软，但该公司仍在增加其在国际市场的份额。吉尔丹还在制定具有竞争力的定价策略，以获得更多的国际市场份额。
Gildan成功推出了新的产品款式，为持续的业务创新做出了贡献。
More details: Gildan Activewear IR
更多详情： Gildan 运动服 IR
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