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Gildan Activewear Reports on the Fourth Quarter and Full Year 2022 Record Results; Provides 2023 Outlook

22.02.2023 - (all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to Definition and reconciliation of non-GAAP financial measures in this press release                          FY 2022 record sales of $3,240 million, up 11% vs. .

Gildan Activewear Reports Strong Results for the Third Quarter of 2022

USDA announces $330 million available through recovery programs

  kmiragaya - stock.adobe.com WASHINGTON, D.C. — The U.S. Department of Agriculture on Tuesday announced the availability of more than $330 million to help agricultural producers and organizations in the food supply chain recover from the financial impacts of the COVID-19 pandemic. The funding is part of USDA’s Pandemic Assistance for Producers initiative launched in March, and includes $169.9 million for the Specialty Crop Block Grant Program (SCBGP), $75 million for Gus Schumacher Nutrition Incentive Program (GusNIP, formerly known as Food Insecurity Nutrition Incentive) grantees and approximately $80 million in payments to domestic users of upland and extra-long staple cotton. USDA said this funding will aid in developing new markets for U.S. agricultural products, expand the specialty crop food sector, and incent the purchase of fruits and vegetables by low-income consumers.

USDA rolls out more COVID relief to ag sector

More than $330 million available to specialty crop and cotton industries in newest installment of pandemic relief. In the agency’s ongoing efforts to address aid shortfalls in previous COVID relief provided to agricultural producers, USDA announced the availability of more than $330 million to help agricultural producers and organizations in the food supply chain recover from the financial impacts of the COVID-19 pandemic. The funding announced is part of USDA’s Pandemic Assistance for Producers initiative launched in March, and includes $169.9 million for the Specialty Crop Block Grant Program, the availability of $75 million for Gus Schumacher Nutrition Incentive Program and approximately $80 million in payments to domestic users of upland and extra-long staple cotton.

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