MONTREAL, May 20, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or “the Company”) is pleased to announce the publication of its 21st Environmental, Social, and Governance (ESG) Report, outlining the Company’s continued progress against the ten targets of its Next Generation ESG strategy. “Over the years, ESG, which is one of three pillars of our Gildan Sustainable Growth (GSG) strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovat ...

Gildan Activewear Inc. (GIL) has shown an outstanding 44.8% surge in its stock price over the past year. The stock has outperformed the broader Consumer Discretionary sector and the S&P 500, which posted increases of 12.6% and 9.7%, respectively. Meanwhile, the Zacks Textile - Apparel industry, in which the company operates, has fallen 15.4% in the same time frame.The company is benefiting from its Sustainable Growth strategy, which aims at delivering organic top and bottom-line growth via capacity expansio ...

MONTRÉAL, April 30, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced that the eight nominees proposed as directors in its management proxy circular dated March 18, 2025 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2025 in Montréal. Gildan also notes that a majority of the votes cast by shareholders were in favour ...

Core Insights - Gildan Activewear Inc. reported first-quarter 2025 results with both revenue and earnings exceeding Zacks Consensus Estimates, driven by the execution of its GSG strategy despite macroeconomic challenges [1][2]. Financial Performance - Adjusted earnings were 59 cents per share, surpassing the Zacks Consensus Estimate of 57 cents, remaining flat year over year [2]. - Net sales reached $711.7 million, a 2.3% year-over-year increase, slightly above the Zacks Consensus Estimate of $711 million [2]. - Activewear segment sales totaled $647.4 million, reflecting a 9.3% year-over-year increase, attributed to higher sales volumes and a favorable product mix in North America [3]. - Hosiery and Underwear category net sales declined 38% year over year to $64.3 million, primarily due to the Under Armour phase-out and unfavorable product mix [3]. Regional Performance - U.S. sales increased 2.4% to $632.6 million from $618 million in the prior year [4]. - Canadian sales grew 10.3% to $27.9 million from $25.3 million [4]. - International sales declined 2.5% to $51.2 million from $52.5 million [4]. Margins and Costs - Adjusted gross profit was $221.9 million, up 5.1% year over year, with an adjusted gross margin increase of 90 basis points to 31.2% due to lower raw material costs [5]. - Adjusted SG&A expenses rose 1% year over year to $86.5 million, with a decline in percentage of net sales by 20 basis points [5]. - Adjusted operating income improved 7.9% to $135.5 million, with an adjusted operating margin increase of 100 basis points to 19% [5]. EBITDA and Cash Flow - Adjusted EBITDA totaled $165.8 million, representing a year-over-year increase of 5.5%, with an adjusted EBITDA margin expansion of 70 basis points to 23.3% [6]. - The company ended the quarter with cash and cash equivalents of $75.5 million, long-term debt of $1.8 billion, and stockholders' equity of $1.41 billion [7]. 2025 Outlook - For 2025, net sales growth is expected to be in the mid-single digits year over year, with an adjusted operating margin projected to improve by 50 basis points [8]. - Adjusted earnings are anticipated to be between $3.38 and $3.58 per share, indicating a year-over-year increase of 13-19% [8]. - Free cash flow is expected to exceed $450 million [8].

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Gildan Activewear (GIL) came out with quarterly earnings of $0.59 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.59 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 3.51%. A quarter ago, it was expected that this apparel maker would post earnings of $0.80 per share when it actually produced earnings of $0.83, delivering a surprise of 3.75%. Over the last four quarters, the c ...

2025 First Quarter Shareholder Report | Contents | | | --- | --- | | MD&A | | | 1.0 Preface | 2 | | 2.0 Caution regarding forward-looking statements | 2 | | 3.0 Our business | 4 | | 4.0 Strategy | 8 | | 5.0 Operating results | 9 | | 6.0 Financial condition | 17 | | 7.0 Cash flows | 19 | | 8.0 Liquidity and capital resources | 21 | | 9.0 Legal proceedings | 26 | | 10.0 Financial risk management | 26 | | 11.0 Critical accounting estimates and judgments | 27 | | 12.0 Accounting policies and new accounting stan ...

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Non-GAAP financial measures and related ratios" in this press release Net sales of $712 million, up 2.3% vs. the prior yearOperating margin of 18.2%, adjusted operating margin1 of 19.0%GAAP diluted EPS of $0.56 and adjusted diluted EPS1 of $0.59Capital returned to shareholders of $62 million through share repurchasesCompany maintains its full year 2025 guidance, including the impact of tariffs MONTREAL, April 29, 202 ...

Gildan Activewear Inc. (GIL) is likely to register top-line growth when it reports first-quarter 2025 results on April 29. The Zacks Consensus Estimate for revenues is pegged at $711.1 million, indicating a rise of 2.2% from the year-ago figure.The consensus estimate for earnings is pegged at 57 cents per share, which indicates a 3.4% drop from the year-ago quarter’s actual. The consensus mark has remained unchanged in the past 30 days.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar ...

Company Overview - Gildan Activewear Inc. is a leading manufacturer of everyday basic apparel, offering products such as activewear, underwear, and socks to a diverse customer base including wholesale distributors, screenprinters, retailers, and global lifestyle brand companies [2] - The company markets its products across North America, Europe, Asia Pacific, and Latin America under a portfolio of brands including Gildan, American Apparel, Comfort Colors, GOLDTOE, and Peds, as well as through an exclusive licensing agreement for the printwear channel for Champion [2] Manufacturing and ESG Practices - Gildan operates large-scale, vertically integrated manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh [3] - The company is committed to industry-leading labor, environmental, and governance practices throughout its supply chain, which is part of its comprehensive ESG program embedded in its long-term business strategy [3] Upcoming Financial Results - Gildan will report its first quarter 2025 financial and operating results on April 29, 2025, with a press release issued after market close [1] - A conference call to discuss the results is scheduled for the same day at 5:00 PM ET, accessible via specific dialing instructions [1]