Gildan highlights strong Q4 despite annual loss Published: 12 March 2021 Montreal - Even as one of the world's largest suppliers of casualwear and socks, Gildan Activewear has demonstrated that even a company of its size is not invulnerable to the impact of the coronavirus pandemic. Announcing its fourth quarter and full year results, the Montreal firm has reported a US$225.3 million loss for 2020, down from a net profit of $259.8 million in 2019. Encouragingly, with the impact of the pandemic on operations clear on the company’s sales, which were $1.98 billion, down 30 per cent from $2.82 billion the previous year, the performance rebounded somewhat in the final quarter with a 4 per cent increase in sales to $690.2 million. Net earnings for the quarter were $67.4 million, compared to net earnings of $32.5 million, in the fourth quarter last year.