Gildan Activewear Inc. (NYSE:GIL) Q3 2022 Earnings Conference Call November 3, 2022 8:30 AM ET

Company Participants

Sophie Argiriou - Vice President of Investor Communications

Rhod Harries - Executive Vice President, Chief Financial & Administrative Officer

Glenn Chamandy - President & Chief Executive Officer

Conference Call Participants

Mark Petrie - CIBC

Jay Sole - UBS

Stephen MacLeod - BMO Capital Markets

Luke Hannan - Canaccord

Brian Morrison - TD Securities

Vishal Shreedhar - National Bank

Brandon Cheatham - Citigroup

Sabahat Khan - RBC Capital Markets

Chris Li - Desjardins

Operator

Ladies and gentlemen, thank you for standing by, and welcome to the Third Quarter 2022 Gildan Activewear Earnings Conference Call. All lines have been placed on mute to prevent background noise. Please be advised that today's conference is being recorded today Thursday, November 3 2022. After the speaker's remarks, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the conference over to Sophie Argiriou, Vice President of Investor Communications. Please go ahead.

Sophie Argiriou

Good morning and thank you all for joining us. Earlier this morning, we issued a press release announcing our earnings results for the third quarter of 2022, along with our interim shareholder report containing management's discussion and analysis and consolidated financial statements. These documents will be filed with the Canadian securities and regulatory authorities and the US Securities Commission and are available on the company's corporate website.

With me today is Glenn Chamandy, Gildan's President and Chief Executive Officer; and Rhod Harries, Executive Vice President, and Chief Financial and Administrative Officer. This morning, Rhod will take you through the results for the quarter and a question and answer session will follow.

Before we begin, please take note that certain statements included in this conference call may constitute forward-looking statements. Such forward-looking statements involve unknown and known risks, uncertainties and other factors, which could cause actual results to differ materially from future results expressed or implied by such forward-looking statements.

We refer you to the company's filings with the US Securities and Exchange Commission and the Canadian securities regulatory authorities. During this call, we will also discuss certain non-GAAP financial measures. Reconciliations to the most directly comparable IFRS financial measures are provided in today's earnings release and in our MD&A.

And with that, I'll turn it over to Rhod.

Rhod Harries

Thank you, Sophie. Good morning all, and thank you for joining us on the call today. This morning we were pleased to report another strong quarter, particularly in the current macroeconomic environment. Specifically, despite tough retail and international markets, the strength of our vertically integrated manufacturing model and the resiliency of our large core imprintables Activewear business is clearly differentiating us and driving our ability to deliver. So, during the third quarter, we generated sales growth of 6% over record sales last year.