<ARTICLE> 5
<LEGEND>
This schedule contains summary financial information extracted from the GFSI
Holdings, Inc. Audited Financial Statements and is qualified in its entirety by
reference to such financial statements.
</LEGEND>
       
                                                        
<PERIOD-TYPE>                        YEAR                     YEAR
<FISCAL-YEAR-END>                        JUN-30-1996              JUN-27-1997
<PERIOD-START>                           JUL-01-1995              JUL-01-1996
<PERIOD-END>                             JUN-30-1996              JUN-27-1997
<CASH>                                       139,977                1,116,512
<SECURITIES>                                       0                        0
<RECEIVABLES>                             23,055,544               24,284,682
<ALLOWANCES>                                 472,092                  579,093
<INVENTORY>                               27,782,953               37,561,766
<CURRENT-ASSETS>                          51,308,693               64,597,119
<PP&E>                                    37,560,280               36,733,961
<DEPRECIATION>                            14,521,591               15,186,104
<TOTAL-ASSETS>                            78,711,305               96,153,361
<CURRENT-LIABILITIES>                     23,614,694               26,036,520
<BONDS>                                   20,617,878              214,625,000 
<PREFERRED-MANDATORY>                              0               28,080,000
<PREFERRED>                                        0                        0
<COMMON>                                     149,100                       20
<OTHER-SE>                                34,329,633            (174,215,151)  
<TOTAL-LIABILITY-AND-EQUITY>              78,711,305               96,153,361
<SALES>                                  169,320,620              183,297,733  
<TOTAL-REVENUES>                         169,320,620              183,297,733  
<CGS>                                     97,307,746              102,606,239 
<TOTAL-COSTS>                            136,487,076              147,358,391  
<OTHER-EXPENSES>                                 490                   99,326
<LOSS-PROVISION>                                   0                        0
<INTEREST-EXPENSE>                         2,608,154                9,098,218
<INCOME-PRETAX>                           30,225,880               26,940,450
<INCOME-TAX>                                       0                1,440,000
<INCOME-CONTINUING>                       30,225,880               25,500,450
<DISCONTINUED>                                     0                        0
<EXTRAORDINARY>                                    0              (1,484,451)
<CHANGES>                                          0                        0
<NET-INCOME>                              30,225,880               24,015,999
<EPS-PRIMARY>                                      0                        0
<EPS-DILUTED>                                      0                        0