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Gildan Activewear Inc

09:52 AM EST - Gildan Activewear Inc : Announced its results for the second quarter ended June 28. Strong free cash flow of $177 million, with total liquidity increased to $1.2 billion. Sales of $230 million, after reflecting a sales discount accrual of $25 million related to pricing action. GAAP diluted loss per share of $1.26, and adjusted diluted loss per share of $0.99. Q2 GAAP results reflect $224 million of charges, including $131 million of COVID-related charges and $93 million in accelerated Back to Basics initiative. Gildan Activewear Inc


shares T.GIL are trading down $1.11 at $22.83.