Gildan Activewear ( (GIL) ) has released its Q2 earnings. Here is a breakdown of the information Gildan Activewear presented to its investors.
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Gildan Activewear Inc., a leading manufacturer in the apparel industry, is known for its vertically integrated business model and commitment to sustainability. The company recently reported record second-quarter revenue and adjusted diluted EPS, with net sales reaching $919 million, a 6.5% increase from the previous year. Key financial highlights include an operating margin of 21.7% and a record adjusted diluted EPS of $0.97. The company’s Activewear segment showed strong growth, while international sales and the Hosiery and Underwear category faced declines. Gildan’s gross profit improved due to lower raw material costs and favorable pricing, although SG&A expenses increased due to higher administrative costs. Looking ahead, Gildan reaffirms its full-year guidance for 2025, focusing on operational agility and leveraging its competitive positioning to navigate a dynamic market environment.