Business
Gildan Reports Record Third Quarter Revenue and Adjusted Diluted EPS¹ and Updates its Full Year 2025 Guidance
Record third quarter net sales of $911 million Operating margin of 21.1%, record adjusted ope...
About this update from Gildan Activewear Inc.
[{"type":"text","content":"Gildan Reports Record Third Quarter Revenue and Adjusted Diluted EPS¹ and Updates its Full Year 2025 Guidance\n\n\n\n\n\n\n (all amounts are in U.S. dollars except where otherwise indicated)\n \n\n\n\n\n\n (1) Please refer to \"Non-GAAP financial measures and related ratios\" in this press release\n \n\n\n\n\n\n (2) Enterprise value is calculated as fully diluted equity value, plus financial debt,\n \n\n\n plus underfunded pension liabilities, less cash and equivalents\n \n\n\n\n\n\n\n\n\n Record third quarter net sales of $911 million\n \n\n Operating margin of 21.1%, record adjusted operating margin\n \n 1\n \n of 23.2%\n \n\n GAAP diluted EPS of $0.80 and record adjusted diluted EPS\n \n 1\n \n of $1.00\n \n\n Company narrows its adjusted diluted EPS\n \n 1\n \n guidance range and also updates full year adjusted operating margin\n \n 1\n \n , capex and free cash flow\n \n 1\n \n guidance\n \n\n On August 13, 2025, Company announced the proposed combination with HanesBrands to create a global basic apparel leader; the transaction is expected to close later this year or early in 2026\n \n\n\n\n\n MONTREAL, Oct. 29, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the third quarter ended September 28, 2025 and updated its full year 2025 guidance.\n \n\n \"We were pleased with this quarter’s results as we continue to drive profitable growth, supported by strong net sales growth of 5.4% in Activewear which allowed us to deliver record adjusted diluted EPS. Our record-setting third quarter results once again showcase the effectiveness of the Gildan Sustainable Growth (GSG) strategy to drive strong financial performance, and we're excited about the next phase of our growth journey. Our keen focus on execution, combined with Gildan’s low-cost vertically integrated business model, will be further enhanced by the added capabilities and reach introduced through the HanesBrands acquisition, which is expected to close later this year or early in 2026,\" said Glenn J. Chamandy, Gildan’s President and CEO.\n \n\n\n Q3\n \n\n 2025 Operating Results\n \n\n Net sales were $911 million, up 2.2% over the prior year, in line with previously provided guidance for the quarter of low single-digit growth. Activewear sales of $831 million were up 5.4% driven by a favourable produ...