Gildan Activewear Inc.

Ladies and gentlemen, thank you for standing by and welcome to the Q2 2024 Gildan ActiveAware earnings conference call. Please be advised that today's conference is being recorded. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you would like to ask a question during this time, simply press star followed by the number one on your telephone keypad. If you would like to withdraw your question, press star one again. I would now like to hand the conference over to Jessie Hayham, Vice President, Head of Investor Relations. Please go ahead.

Thank you, Jeannie. Good morning, everyone. Earlier, we issued a press release announcing our results for the second quarter of 2024, along with our interim shareholder report containing management's discussion and analysis, as well as consolidated financial statements. These documents are expected to be filed with the Canadian Securities and Regulatory Authorities and the U.S. Securities Commission today. and they'll also be available on our corporate website. Joining me on the call today are Glenn Shimandy, President and CEO of Gildan, Rod Harries, Executive Vice President and Chief Financial and Administrative Officer, and Chuck Ward, President Sales, Marketing, and Distribution. This morning, we'll take you through the results for the quarter, and then 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 which 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 U.S. Securities and Exchange Commission and Canadian securities regulatory authorities. During this call, we will also discuss certain non-GAAP financial measures, Reconciliations to the most directly comparable IFRS measures are provided in today's earnings release, as well as our MDNA. And now, I'm very happy to turn the call over to Glenn.

Thank you, Jessie, and good morning, everybody. First, I'd like to take a moment to sincerely thank all of our employees, shareholders, and customers, and our new board of directors for their incredible support to the company and to myself personally over the past several months. I'm very proud to be here today celebrating Gildan's 40th anniversary with our dedicated team. Last fall, I communicated to shareholders that Gildan's positioning had never been stronger, with the largest pipeline of innovation in the company's history rolling out this year. Today, I can confirm that everything is on track, and we're continuing to widen our competitive advantage. We continue to execute on Gildan's sustainable growth strategy. We're delivering on each of our three pillars where we've seen significant progress to date. On capacity growth, our Bangladesh ramp-up is on track. We'll be at 75% exit capacity at the end of this year. On innovation, our soft cotton technology is performing well, where we're starting to see good results in market, in the market with positive POS on basics in Q2. On ESG, we just launched our 20th anniversary ESG report focusing on our accomplishments of which we're very proud of. We reported Q2 results that were strong and in line with our expectations with solid top line and strong adjusted operating margins. We also announced in our press release that we're reconfirming our full year 2024 guidance and we're providing our three year outlook. We're capitalizing on our GSG strategy where we're well positioned to deliver top line growth in the mid single digit range, adjusted diluted EPS growth in the mid teen range over 2025 through 2027 period in line with our supercharge plan. I'm looking forward to answering your questions after Rod's formal remarks, and thank you again.