Gildan Activewear Inc. Q2 2025 Financial Results and Strategic Update

SEC Filing 6-K (0001061894-25-000022)

Gildan Activewear Inc. reported its financial results for the second quarter of 2025, showing a 6.5% increase in net sales to $918.5 million compared to the same period in 2024. The company's gross profit rose by 10.5% to $289.4 million, driven by higher sales volumes and favorable product mix. Operating income increased significantly by 41.3% to $199.5 million, largely due to lower costs related to proxy contests and leadership changes. Net earnings surged by 136.2% to $137.9 million. The company also highlighted its Gildan Sustainable Growth (GSG) strategy, focusing on capacity expansion, innovation, and ESG initiatives. Gildan completed the first phase of a large vertically integrated textile and sewing complex in Bangladesh, which is expected to support long-term growth. The company remains optimistic about its ability to navigate tariff uncertainties and maintain a competitive edge through its vertically integrated manufacturing operations.