Earnings ·
Gildan Activewear Inc. reported second quarter 2026 results driven by its acquisition of HanesBrands, with net sales…
GILGildan Activewear Inc.
Gildan Activewear Inc. reported second quarter 2026 results driven by its acquisition of HanesBrands, with net sales rising 72.3% to $1.58 billion. The company announced a definitive agreement to divest its HanesBrands Australian Business for approximately $490 million, with proceeds designated to pay down debt and accelerate deleveraging toward a target leverage ratio of 1.5x to 2.5x. Gildan declared a quarterly cash dividend of $0.249 per common share, representing a 10.2% increase from the prior quarter's $0.226. The company also disclosed significant integration-related restructuring costs and inventory fair value step-up charges associated with the Hanes acquisition.