Gildan Third-Quarter Net Sales From Continuing Operations Rise 61.1% to $1.47 Billion: GAAP EPS of $1.37 and Adjusted EPS of $1.54, Full-Year Revenue Guidance Set at $5.4–$5.5 Billion
Montreal-based apparel maker Gildan Activewear Inc. (TSX and NYSE: GIL) on November 5 announced results for the third quarter ended September 27, 2026: net sales from continuing operations of $1.47 billion, up 61.1% over the prior year; an operating margin of 24.1% and an adjusted operating margin of 27.0%; and GAAP diluted EPS from continuing operations of $1.37 and adjusted diluted EPS of $1.54, up 71.3% and 54.0% respectively. Cash flow from operating activities was $633 million and free cash flow was $606 million.
On integration, Gildan said initiatives are progressing as expected, with the vast majority of synergy-capture initiatives planned for 2026 already implemented; the company is on pace to realize approximately $100 million in synergies in 2026 and continues to expect approximately $250 million of annual run-rate cost synergies by the end of 2028. The company completed the sale of HanesBrands Australia on October 26, 2026. Its board approved a new normal course issuer bid to repurchase up to 5% of issued and outstanding common shares.
For full-year 2026, Gildan expects revenue of $5.4 billion to $5.5 billion, an adjusted operating margin of approximately 20%, adjusted diluted EPS of $3.70 to $3.80 and free cash flow of $700 million to $750 million. Citing rapid change in macroeconomic conditions since its July 30 second-quarter report and the resulting impact on demand, the company withdrew its previously communicated objectives for 2026–2028 and said it expects to provide an updated long-term outlook at an Investor Day planned for spring 2027. President and chief executive Glenn J. Chamandy said results did not meet the company's expectations, reflecting a more subdued demand environment and near-term challenges across Wholesale and Retail, and that the anticipated demand recovery had not materialized, while confidence in the underlying strength of the business and its long-term growth opportunity was unchanged.
Source: Gildan
Published by GSM · USA (original Chinese edition)
Photo: 图：服装厂工人。YeraC 摄，CC BY-SA 4.0，经 Wikimedia Commons。 / Photo: Garment factory workers. Photo by YeraC, CC BY-SA 4.0, via Wikimedia Commons.
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