Earnings ·
Gildan reports Q3 adjusted EPS of $1.54, cuts full-year revenue guidance to $5.4B-$5.5B
GILGildan Activewear Inc.
Gildan Activewear reported third-quarter net sales from continuing operations of $1.47 billion, up 61.1% year-over-year but below the $1.65 billion guidance due to softer-than-anticipated demand and product availability constraints. Adjusted diluted earnings per share reached $1.54, while adjusted operating margin stood at 27.0%. The company updated its full-year 2026 revenue guidance downward to a range of $5.4 billion to $5.5 billion from previous expectations of $6.0 billion to $6.2 billion, citing persistent macroeconomic headwinds and reduced consumer demand. Additionally, Gildan withdrew its long-term 2026-2028 financial objectives and announced a new normal course issuer bid to repurchase up to 5% of outstanding shares. The company operates in the apparel manufacturing industry.