Gildan Activewear Inc. Reports Record First Quarter Revenue and Maintains Full Year Guidance

Gildan Activewear Inc. announced record first quarter net sales of $1.17 billion, a 63.8% increase over the prior year, driven by the acquisition of HanesBrands. While GAAP diluted loss per share was $0.30, adjusted diluted EPS from continuing operations was $0.43. The company is progressing with integration initiatives, expecting to realize approximately $100 million in synergies in 2026 and $250 million annually over the next three years. Gildan maintains its full-year 2026 guidance, projecting revenues between $6.0 billion and $6.2 billion and adjusted diluted EPS between $4.20 and $4.40. The company also declared a quarterly dividend of $0.249 per share.