Gildan Activewear ( (GIL) ) has released its Q3 earnings. Here is a breakdown of the information Gildan Activewear presented to its investors.
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Gildan Activewear Inc., a leading player in the apparel industry, specializes in manufacturing and selling activewear, hosiery, and underwear, leveraging a vertically integrated business model to maintain cost efficiency.
Gildan Activewear has reported record-breaking revenue and adjusted diluted earnings per share (EPS) for the third quarter of 2025, alongside an update to its full-year guidance. The company also announced a strategic merger with HanesBrands, aiming to enhance its global market presence.
The company achieved a record third-quarter net sales of $911 million, marking a 2.2% increase from the previous year. Activewear sales rose by 5.4%, driven by a favorable product mix and higher net prices, while hosiery and underwear sales experienced a decline due to market weakness and shipment timing shifts. Gildan’s operating margin stood at 21.1%, with an adjusted operating margin of 23.2%, reflecting improved manufacturing costs and pricing strategies.
Despite increased financial expenses related to the HanesBrands acquisition, Gildan’s adjusted diluted EPS rose by 17.6% to $1.00, showcasing the company’s robust financial performance. The merger with HanesBrands, expected to close by early 2026, is anticipated to bolster Gildan’s capabilities and market reach.
Looking ahead, Gildan remains optimistic about its growth trajectory, with expectations of mid-single-digit revenue growth for 2025. The company plans to focus on its sustainable growth strategy, leveraging its vertically integrated model and strategic acquisitions to drive future success.