Quarterly ResultApr 30, 2026, 07:57 AM
Gildan Q1 Revenue $1.17B (+63.8%); Maintains FY26 Guidance
AI Summary
Gildan Activewear Inc. reported record first-quarter net sales from continuing operations of $1.17 billion, a 63.8% increase year-over-year, largely driven by the HanesBrands acquisition. Despite a GAAP diluted loss per share of $0.30, adjusted diluted EPS from continuing operations was $0.43. The company confirmed that HanesBrands integration initiatives are progressing as planned, expecting $100 million in synergies for 2026 and $250 million annually over the next 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, and declared a quarterly dividend of $0.249 per share.
Key Highlights
- Q1 net sales from continuing operations were $1.17 billion, up 63.8% over prior year.
- GAAP diluted loss per share from continuing operations was $0.30.
- Adjusted diluted EPS from continuing operations was $0.43, down 27.1% YoY.
- Adjusted operating margin was 14.3%, ahead of guidance of approximately 12.9%.
- HanesBrands integration on track for $100 million synergies in 2026, $250 million annual run-rate.
- Maintained full year 2026 revenue guidance of $6.0 billion to $6.2 billion.
- Maintained full year 2026 adjusted diluted EPS guidance of $4.20 to $4.40.
- Declared a quarterly cash dividend of $0.249 per share.
Price Impact
More from GIL