Former CEO Reveals Plan to Boost Gildan Activewear's Profits by 2028
By
Antonio Vázquez Escudero
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).
Former CEO of Gildan Activewear, Glenn Chamandy, outlines a strategy to nearly double the company's profits by 2028, aiming for a stock price of over $100 in about five years. His plan involves borrowing more, accelerating stock buybacks, and avoiding large acquisitions. This comes after a bitter fight with board members over succession, leading to his dismissal in December. If successful, his strategy could significantly increase earnings per share and propel the stock price to new highs, benefiting investors.