Gildan Activewear (GIL) shares soared 10.1% in the last trading session to close at $37.22. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 2.1% loss over the past four weeks.The company has been benefiting from its Gildan's Sustainable Growth strategy, as well as its core pillars dedicated toward innovation, manufacturing capacity, and ESG. Despite a challenging landscape, the company drove market share gains across its core pro ...

Key TakeawaysTrading in shares of Gildan Activewear was paused Tuesday after the stock jumped following reports the board of directors was considering selling the company. The Montreal-based apparel maker's board is in the middle of a heated battle with institutional investors led by Browning West LP.Investors are seeking to reconstitute the company's board and reinstate co-founder Glenn Chamandy as CEO. Chamandy was abruptly ousted last December. Trading in shares of Gildan Activewear (GIL) was paused on ...

MONTREAL, March 19, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") today issued the following statement in response to recent media reports: "In response to the receipt of a confidential non-binding expression of interest to acquire Gildan, Gildan's Board formed a Special Committee of independent directors to, among other things, review and consider the merits of the proposal and any alternative transaction, including maintaining the status quo and continuing ...

LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”), which is a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”) and beneficially owns approximately 5.0% of the Company’s outstanding shares, today issued the below statement regarding the Company’s apparent decision to leak a meritless letter it sent to a U.S. regulator to a Canadian news outlet. “ It is unfortunate that the Board is acting in a desperate, ...

LOS ANGELES--(BUSINESS WIRE)--Browning West, LP (together with its affiliates, “Browning West” or “we”), which is a long-term shareholder of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL) (“Gildan” or the “Company”) and beneficially owns approximately 5.0% of the Company’s outstanding shares, today issued the below statement. “ Recent media coverage and an independent research report suggest the Board has presided over an egregious failure of due care and judgement by overlooking Mr. Tyra’s seemingly inappr ...

So the impact of that in total basically meant that we will see a little bit weaker start to the year, but I would say as we go forward, we do see strength as we move into Q2, Q3, Q4, and that's all on the back of our very strong competitive positioning. What we're seeing with market share gains, what we're seeing in these key categories, ring spun, fleece, all the drivers of the business. I mean, there are many, I would say, drivers of the business as we think about '24 in total, right? So we've got those ...

(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Gildan Activewear Reports Strong Fourth Quarter Results and Initiates Guidance for 2024 Montreal, Wednesday, February 21, 2024 - Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the fourth quarter and year ended December 31, 2023, and initiated annual guidance for 2024. In addition, the Company announced a dividend i ...

Gildan Activewear Inc. (NYSE:GIL) Q3 2023 Earnings Conference Call November 2, 2023 8:30 AM ET Â Company Participants Rhod Harries – Executive Vice-President, Chief Financial and Administrative Officer Glenn Chamandy – President and Chief Executive Officer Paul Lejuez – Citigroup Jay Sole – UBS Vishal Shreedhar – National Bank Financial Brian Morrison – TD Securities Sabahat Khan – RBC Capital Markets Jessy Hayem – Vice-President and Head-Investor Relations Chuck Ward – President-Sales, Marketing, and Distr ...

2023 Third Quarter Shareholder Report Additional information about Gildan, including our 2022 Annual Information Form, is available on our website at www.gildancorp.com, on the SEDAR website at www.sedar.com, and on the EDGAR section of the U.S. Securities and Exchange Commission website (which includes the Annual Report on Form 40-F) at www.sec.gov. 2.0 CAUTION REGARDING FORWARD-LOOKING STATEMENTS Certain statements included in this MD&A constitute "forward-looking statements" within the meaning of the U.S ...

Glenn Chamandy - President and Chief Executive Officer Conference Call Participants Brandon Cheatham - Citi Ladies and gentlemen, thank you for standing by, and welcome to the Q2 2023 Gildan Activewear Earnings Conference Call. Please be advised that today's conference is being recorded. During this call, we will also discuss certain non-GAAP financial measures. Reconciliations to the most directly comparable IFRS measures are provided in today's earnings release as well as our MD&A. In activewear, as previ ...