Earnings ·
Gildan Activewear Inc. reported second quarter net sales of $1.58 billion, a 72.3% increase year-over-year, driven by…
GILGildan Activewear Inc.
Gildan Activewear Inc. reported second quarter net sales of $1.58 billion, a 72.3% increase year-over-year, driven by the HanesBrands acquisition. Adjusted diluted EPS from continuing operations rose 32.0% to $1.28, while adjusted operating margin stood at 22.3%. The company announced the sale of its HanesBrands Australia business for approximately $490 million USD, with proceeds designated for debt reduction. Gildan updated its full-year 2026 guidance, projecting revenue near $6.0 billion and adjusted diluted EPS between $4.65 and $4.75. The Board declared a quarterly cash dividend of $0.249 per share, payable September 14, 2026, to shareholders of record on August 20, 2026. Gildan Activewear Inc. operates in the apparel manufacturing industry, producing and distributing branded casual wear.