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NoneThe Canadian stock market is continuing to rally this year as easing monetary policy amid declining inflation continues to boost investors’ sentiments. One of the top performers of 2024 on the is ( ). The shares of this Montréal-headquartered apparel manufacturer have jumped by 59% so far this year to trade at $69.63 per share, increasing its to $10.8 billion. And the momentum in GIL stock shows no sign of slowing. In this article, I’ll break down two reasons why Gildan Activewear stock could be a smart buy right now. Gildan’s record-breaking financial performance When it comes to numbers, Gildan is putting up nothing short of impressive financial results. In the third quarter of 2024, the clothing company records with US$891 million in sales, reflecting a 2.4% YoY (year-over-year) increase even as the consumer spending environment remains uncertain. What’s even more remarkable is how Gildan has managed to grow its profitability alongside its revenue. In the latest quarter, its gross profit margin jumped to 31.2%, a sharp increase from 27.5% a year ago. This improvement was largely due to lower raw material costs and better manufacturing efficiencies. It shows how Gildan is trying to master the art of keeping expenses low while growing its top line. Clearly, this kind of financial performance boosts investors’ confidence because it shows the company isn’t just growing but doing so profitably. But it doesn’t stop there. The company’s adjusted quarterly earnings also climbed by 14.9% YoY to US$0.85 per share. Similarly, it raked in $149 million in free cash flow during the quarter. And Gildan isn’t letting this money just sit idle as it continues to use this cash to reward shareholders through a combination of and aggressive stock buybacks. For the fourth quarter, it declared a cash dividend of $0.205 per share, payable in mid-December 2024. Gildan’s financial outlook looks brighter than ever If you’re wondering whether Gildan can keep up its momentum, its updated guidance for 2024 should put your mind at ease. Despite an uncertain global economic environment, the company now expects revenue to grow in the low-single digits for the year, and that’s even after factoring in the end of a sock-licensing agreement with Under Armour. Without that headwind, its growth would have been even more impressive in the mid-single-digit range. And it’s not just revenue. Gildan is projecting its full-year 2024 adjusted operating margins to climb above 21%, while adjusted earnings per share are projected to increase between 15.5% and 17.5% YoY. Another key factor that makes Gildan stock so attractive right now is its relentless focus on the future. The company isn’t just relying on past successes, but it’s actively investing in new ideas and rolling out new products to keep its edge in the market. For example, Gildan’s soft cotton technology is emerging as a game-changer in the apparel industry. More importantly, this innovative product line has been well-received by consumers. Foolish takeaway When you take a closer look at Gildan Activewear, it’s clear why this top TSX stock has been such a strong performer in 2024. From record-breaking financial performance to a solid pipeline of innovative products, Gildan stock has all the right ingredients for long-term growth, making it really attractive to buy now and hold for years.
TEMPE, Ariz. — Kyler Murray was the No. 1 overall pick in the 2019 draft. He was charged with turning around a franchise that has been a perennial also-ran for most of the past century and hasn't won an NFL championship since 1947. Six years later — even though Murray usually has played fairly well — it's still the same ol' Arizona Cardinals. The Cardinals (7-8) were eliminated from the playoff race on Sunday after a 36-30 overtime loss to the lowly Carolina Panthers. Arizona fell into an early 20-3 hole before fighting back, but a handful of missed opportunities in overtime doomed the team's postseason hopes. “We didn’t take this team lightly at all, but it’s the NFL,” Murray said. “When you come out and you do that, put yourself behind, we fought back though, and had a chance to win the game and that’s all that matters and we didn’t do it, so, that’s part of the game." During Murray's six seasons, the Cardinals have played in exactly one playoff game, getting blown out by the Rams in 2021. Murray — a two-time Pro Bowl selection — has a 35-44-1 record as the starting quarterback. To be fair, the Cardinals weren't expected to be great this year. They've already won three more games than last season, when they finished 4-13, and a finish around the .500 mark is a solid improvement. But there's little doubt the past month was a missed opportunity. The Cardinals had a 6-4 record after a four-game winning streak, but they have dropped four of five since their bye week. Arizona Cardinals wide receiver Marvin Harrison Jr. (18) can't make the catch as New England Patriots cornerback Christian Gonzalez (0) makes the hit during the first half of an NFL football game, Sunday, Dec. 15, 2024, in Glendale, Ariz. Credit: AP/Rick Scuteri “I know they’re down,” second-year coach Jonathan Gannon said. “I know that’s real. Ultimately when you reflect on it, we haven’t done enough, you know what I mean? And it starts with me. We win together, we lose together, everyone had their hand in how this season went and why we are where we are and it starts with me.” What’s working It's no coincidence that Arizona's offense had problems once RB James Conner left in the third quarter with a knee injury. Conner rushed for 117 yards and a touchdown on 15 carries, almost single-handedly willing the Cardinals back into the game. Conner's already run for a career-high 1,090 yards this season and the 29-year-old is still a powerful and versatile runner as he approaches his 30s. What needs help This is a franchise that just can't seem to shake its mediocre mojo. Gannon has brought an even-keel, professional approach and there's been slow improvement over his two seasons. He also has meshed with Murray, which is important. But it's unclear if the pairing is going to be able to turn the Cardinals into a consistent winner. Stock up Chad Ryland was a terrific in-season pickup by the Cardinals after veteran kicker Matt Prater went down with a knee injury. Ryland nailed a 58-yard field goal as time expired in regulation, giving Arizona a chance to win it in overtime. He is 25 of 29 on field goals over 11 games, and the 25-year-old looks as if he could be the team's long-term answer at the position. Arizona Cardinals running back Michael Carter runs against the Carolina Panthers during the second half of an NFL football game, Sunday, Dec. 22, 2024, in Charlotte, N.C. Credit: AP/Jacob Kupferman Stock down Marvin Harrison Jr. had another pedestrian day, finishing with four catches for 39 yards. He was targeted four other times, but the wide receiver couldn't come up with big plays when the Cardinals needed them. The No. 4 overall pick in this year's draft is still very young, so he can obviously get better, but it's fair to wonder if he's going to be the game-changing player that the Cardinals expected. Gannon said he wants Harrison to be more physical, but is largely happy with his performance. “I think he's done a really good job this year of learning and adapting his game and fitting where he fits in,” Gannon said. “He's made some plays and missed some plays. These are learning experiences for him. This was a good year for him to get under his belt.” Injuries RT Jonah Williams (knee), LB Baron Browning (neck) and Conner left during the Panthers' game, and there likely will be a lengthy injury report heading into this weekend's game against the Rams. LB Mack Wilson Sr. (concussion) and LT Paris Johnson Jr. (knee) were among those who didn't play against the Panthers. Key number 1 — The Cardinals have made the playoffs just once over the past nine seasons. Next steps Arizona will be playing for pride on the road against the Los Angeles Rams on Saturday. The surging Rams have won four straight.None
ecently crowned award winner, , was absent from Sunday's match against at the Santiago Bernabeu due to . In this way, and with the approval of his coach, , the Brazilian winger has chosen to disconnect from his usual football-centered life to cross the pond to the American continent and . In fact, on his first day in the US city, Vinicius was seen, as confirmed by the through their social networks, at the Hard Rock Stadium to . Even so, the Real Madrid player was attentive to what his teammates were doing in the clash against the Seville team. Ancelotti wants his players rested It was no coincidence that Vinicius was given permission by his coach to have a few extra days of vacation, as with such a long season ahead, . And, the Italian coach has already been heard on more than one occasion to talk about the rest of his players during press conferences. Back in August, he suggested special holidays for mid-season. "The players need to rest, they need holidays, . A player can not play for a week and go and rest with his family, especially with the internationals, who have very little rest. Those do not have a day off. ," he said. So this mini break for the Brazilian star is surely very much in line with this.Nay Pyi Taw celebrates 104th National Victory Day