Quarterly ResultApr 30, 2026, 06:32 AM
GIL Q1 Net Sales +63.8% to $1.17B; Adj. EPS $0.43; Maintains 2026 Guidance
AI Summary
Gildan Activewear Inc. reported record first-quarter net sales of $1.17 billion, a 63.8% increase year-over-year, driven by the full consolidation of HanesBrands. The company posted a GAAP diluted loss per share of $0.30 but an adjusted diluted EPS of $0.43. Integration initiatives for HanesBrands are on track to deliver $100 million in synergies for 2026 and $250 million annually over three years. Gildan maintained its full-year 2026 guidance, including revenue of $6.0-$6.2 billion and adjusted diluted EPS of $4.20-$4.40.
Key Highlights
- Record Q1 net sales from continuing operations rose 63.8% to $1.17 billion.
- GAAP diluted loss per share from continuing operations was $0.30.
- Adjusted diluted EPS from continuing operations was $0.43, down 27.1% YoY.
- HanesBrands integration on pace for $100M synergies in 2026, $250M annual run-rate over 3 years.
- Maintained 2026 full-year revenue guidance of $6.0B to $6.2B.
- Maintained 2026 adjusted diluted EPS guidance of $4.20 to $4.40.
- Adjusted operating margin was 14.3%, ahead of guidance of 12.9%.
- Net debt stood at $4.868 billion with a leverage ratio of 3.3x.