Montreal - Sales at Gildan Activewear plunged in the second quarter as the company swung to a net loss, reflecting the impact of the coronavirus pandemic and the widespread closures and led to a pause in economic activity for a good part of the second quarter.
Not surprisingly, sales in the quarter of $230 million were down 71% compared to last year with the company also incurring substantial COVID-related costs and charges. The net loss was $249.7 million, down from a net profit of $99.7 in the same period last year.
