CHARLESTON, S.C., Jan. 29, 2025 (GLOBE NEWSWIRE) -- Gildan is pleased to donate U.S.$200,000 worth of American Apparel® and Gildan® garments to FireAid, a concert benefiting those affected by the ongoing wildfires in Los Angeles, California. Shirts and hoodies will be available for purchase at the event with all funds from their sale going directly to short-term relief efforts as well as long-term initiatives to prevent future fire disasters in Southern California. “At Gildan, we believe in making apparel r ...

Gildan's Product Innovations and Brand Updates - Gildan is showcasing its latest styles and product innovations at the Impressions Expo Long Beach, featuring brands like Gildan, Comfort Colors, American Apparel, and Champion [1] - The company is introducing Plasma Print Technology to enhance direct-to-garment printing, offering softer fabrics, brighter colors, and improved print consistency [2] - New styles include additions to the Light Cotton™, Gildan Hammer Maxweight, and Softstyle™ Midweight Fleece collections, reinforcing Gildan's position as a preferred choice for decorators [3] Comfort Colors' 50th Anniversary and New Offerings - Comfort Colors is celebrating 50 years with new colors in best-selling styles 3023CL and 6030, as well as new youth styles 1467Y and 1745Y [4] - The brand is also introducing a cozy Fleece Dorm Blanket and previewing its 2026 collection with fresh silhouettes for women [5] - Comfort Colors continues to emphasize its Pigment Pure™ dyeing and reactive hues, inspired by nature [5] American Apparel's New Collections and Brand Identity - American Apparel is launching new colors in its iconic 2001 and 2001CVC styles, along with a Super Heavyweight collection featuring a street-style oversized fit [6] - The brand is also featuring its recently launched Logo collection, available exclusively on Amazon, reaffirming its dedication to blending apparel with pop culture [7] Champion's Bold and Stylish Collection - Gildan, through its licensing agreement with Authentic Brands Group, is presenting Champion's athletic apparel collection, including styles like S450, S600, and S700, embodying individuality and uniqueness [8] Gildan's Market Presence and ESG Commitment - Gildan is a leading manufacturer of everyday basic apparel, with products sold in North America, Europe, Asia Pacific, and Latin America under brands like Gildan, American Apparel, Comfort Colors, and Champion [9] - The company operates vertically integrated manufacturing facilities in Central America, the Caribbean, North America, and Bangladesh, with a strong commitment to ESG practices [10]

ESG Performance and Recognition - Gildan Activewear Inc has been included in the Dow Jones Sustainability™ North America Index (DJSI North America) for the 12th consecutive year, marking its leadership in sustainability [1] - The company ranks in the 98th percentile of the Textiles, Apparel, and Luxury Goods industry out of 189 companies assessed, making it the only apparel manufacturing company included in the DJSI North America [1] - The DJSI North America represents the top 20% of the largest 600 North American companies in the S&P Global Broad Market Index that lead in sustainability [2] ESG Strategy and Commitment - Gildan's ESG strategy is an integral part of its long-term business strategy, with a two-decade-long commitment to sustainability [2] - The company's Next Generation ESG strategy is rooted in the Gildan Sustainable Growth strategy, aiming to create a more sustainable future for the company, its people, communities, and the environment [2] - Gildan operates with industry-leading labor, environmental, and governance practices throughout its supply chain, embedded in its comprehensive ESG program [6] Company Overview - Gildan is a leading manufacturer of everyday basic apparel, including activewear, underwear, and socks, sold to wholesale distributors, screenprinters, retailers, and global lifestyle brand companies [4] - The company markets its products in North America, Europe, Asia Pacific, and Latin America under brands such as Gildan, American Apparel, Comfort Colors, GOLDTOE, and Peds [5] - Gildan owns and operates vertically integrated, large-scale manufacturing facilities primarily located in Central America, the Caribbean, North America, and Bangladesh [6]

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Gildan Activewear (GIL) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Gildan Activewear is a member of the Consumer Discretionary sector. This group includes 272 individual stocks and currently holds a Zacks Sect ...

Shares of Gildan Activewear Inc. (GIL) have been on a strong upward trajectory, hovering near its 52-week high of $50.60, achieved on Monday. This surge in stock price is a reflection of the company's exceptional performance, fueled by the successful execution of its three strategic pillars: capacity expansion, innovation, and environmental, social and governance (ESG) initiatives.The recent rally follows Gildan’s impressive third-quarter fiscal 2024 earnings report on Oct. 31, when the company last hit thi ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Gildan Activewear (GIL) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.Gildan Activewear is a member of the Consumer Discretionary sector. This group includes 273 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank considers 16 different sector groups. The averag ...

Company Performance - Gildan Activewear's shares have increased by 51.6% since the beginning of the year, outperforming the Zacks Consumer Discretionary sector's 15.6% increase and the Zacks Textile - Apparel industry's decline of 9.3% [1] - The stock reached a new 52-week high of $50.6 recently, with a 2% increase over the past month [1] Earnings and Revenue Forecast - For the current fiscal year, Gildan is projected to achieve earnings of $2.97 per share on revenues of $3.24 billion, reflecting a 15.56% increase in EPS and a 1.49% increase in revenues [3] - The next fiscal year is expected to see earnings of $3.38 per share on $3.4 billion in revenues, indicating a year-over-year change of 13.8% in EPS and 4.69% in revenues [3] Valuation Metrics - Gildan's current trading metrics include a P/E ratio of 16.9X for the current fiscal year EPS estimates, which is below the peer industry average of 20.5X [7] - The stock has a trailing cash flow basis P/E of 14.9X compared to the peer group's average of 9.4X, and a PEG ratio of 1.87 [7] Zacks Rank and Style Scores - Gildan holds a Zacks Rank of 2 (Buy) due to favorable earnings estimate revisions from analysts [8] - The company has a Value Score of B, a Growth Score of B, and a Momentum Score of D, resulting in a combined VGM Score of B [6][8] Industry Comparison - The Textile - Apparel industry is currently in the top 22% of all industries, indicating positive market conditions that could benefit Gildan and its peers [11] - Superior Group of Companies, a peer in the industry, has a Zacks Rank of 2 (Buy) and strong earnings performance, suggesting competitive dynamics within the sector [9][10]

Credit: Image courtesy of NYSE Group. NYSE does not recommend or endorse any investments, investment strategies, companies, products or services MONTREAL, Dec. 02, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that its President and CEO, Glenn J. Chamandy, rang the Opening Bell® on the New York Stock Exchange (NYSE) to mark the Company’s 40th anniversary as well as its 25th anniversary of being listed on the NYSE. He was joined on the podium by members of the Company’s ...

Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even ...

MONTREAL, Nov. 21, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) announced today that it has priced an inaugural offering of C$700 million aggregate principal amount of senior unsecured notes in two series (the “Notes”), consisting of C$500 million aggregate principal amount of 4.362% senior unsecured notes, Series 1, due 2029 (the “2029 Notes”) and C$200 million aggregate principal amount of 4.711% senior unsecured notes, Series 2, due 2031 (the “2031 Notes ...