We maintained our market share in the U.S. distributor channel at 62.3%, essentially the same as last year. The lower unit sales volumes for activewear were due to a 6.3% reduction in shipments from U.S. distributors to U.S. screenprinters and inventory destocking.These negative factors were partially offset by the impact of income tax recoveries in the fourth quarter of fiscal 2011, growth in international screenprint shipments, more favorable activewear product mix and the earnings accretion from the acquisition of Gold Toe Moretz.
Gildan Activewear's CEO Discusses Q4 2011 Results - Earnings Call Transcript
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