Business
Gildan Reports Record First Quarter Revenue and Maintains its Full Year 2026 Guidance
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Non-GAAP ...
About this update from Gildan Activewear Inc.
Gildan Reports Record First Quarter Revenue and Maintains its Full Year 2026 Guidance (all amounts are in U.S. dollars except where otherwise indicated)(1) Please refer to "Non-GAAP financial measures and related ratios" in this press release Record first quarter net sales from continuing operations of $1.17 billion up 63.8% over the prior yearOperating margin of (0.1)%, adjusted operating margin1 of 14.3%GAAP diluted loss per share from continuing operations of $0.30 and adjusted diluted EPS1 from continuing operations of $0.43Integration initiatives progressing as planned; Company well on pace to realize approximately $100 million in synergies in 2026 and continues to expect approximately $250 million of annual run-rate cost synergies over the next three yearsCompany maintains its full year 2026 guidance and maintains its three-year objectives for the 2026–2028 periodThis quarter represents the first full fiscal reporting period during which the results of HanesBrands are fully consolidated into the Company’s financial statements MONTREAL, April 30, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced results for the first quarter ended March 29, 2026, and maintained its full year 2026 guidance. “We are pleased with our first quarter performance, reflecting disciplined execution across the organization and continued progress against our strategic priorities. We advanced our integration initiatives as planned, with early actions reinforcing our operating model and strengthening our ability to drive efficiency and synergy capture. While the external environment remains uncertain, we are focused on what we can control — driving operational excellence, advancing our integration of HanesBrands, maintaining cost discipline and consistent execution — all supported by our low-cost vertically integrated platform and strong balance sheet, which position us well to deliver on our strategic and financial objectives,” said Glenn J. Chamandy, Gildan’s President and CEO. Q1 2026 Operating ResultsThe HanesBrands Australian Business has been classified as held for sale and reported as discontinued operations since the fourth quarter of 2025. As such, the operating results discussed herein are on the basis of continuing operations. ...
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