Gildan Activewear Reports Record Q1 Sales Amid Integration of HanesBrands Acquisition
Gildan Activewear reported record first-quarter continuing-operations sales of nearly $1.2 billion, driven by the acquisition of HanesBrands. However, GAAP results were negatively impacted by integration costs and accounting adjustments, resulting in a loss per share while adjusted EPS came to $0.43. The company reaffirmed its 2026 guidance despite high leverage.
Tickers: $GIL
Topics: acquisition integration debt management financial results