Gildan Activewear Reports Q3 2026 Results Amid Hanesbrands Integration and Lowered Guidance
Gildan Activewear (GIL) reported third-quarter net sales of $1.47 billion, a 61.1% increase driven largely by the acquisition of Hanesbrands. Despite this top-line growth, adjusted diluted EPS rose 54% to $1.54 due to tariff refunds and the acquisition's impact. However, underlying demand remains soft across both wholesale and retail segments. Management has significantly lowered its full-year 2026 guidance for revenue and earnings, citing sustained demand softness and macroeconomic headwinds. While the company is realizing synergies from the Hanesbrands deal and managing debt through asset sales, unseasonably warm weather and cautious retail inventory replenishment are expected to weigh on fourth-quarter performance.