Canada · Delayed Price · Currency is CAD Gildan Activewear Earnings Call Transcripts
Fiscal Year 2026
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Q2 2026 saw a 72% year-over-year sales increase and 32% EPS growth, driven by the HanesBrands acquisition and synergy capture. Guidance was raised for margins, EPS, and free cash flow, with significant tariff refunds and the HAA divestiture supporting debt reduction and future share buybacks.
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Record 2025 sales and shareholder returns were highlighted, with the HanesBrands acquisition marking a major strategic milestone. All board proposals passed, including director elections and the renewal of the shareholder rights plan. 2026 guidance remains strong despite global uncertainties.
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Record Q1 sales and strong market share gains were driven by the HanesBrands acquisition and premium product growth. Integration is on track, with $100 million in synergies targeted for 2026 and guidance maintained for revenue, margin, and EPS.
Fiscal Year 2025
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Record 2025 results with $3.6B revenue and 17% EPS growth, driven by HanesBrands acquisition. 2026 guidance targets $6.0–$6.2B revenue, 20% operating margin, and $4.20–$4.40 EPS, with $250M in synergies expected over three years. Integration and deleveraging remain key priorities.
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Record Q3 results with adjusted EPS up 17.6% and strong Activewear growth offset declines in hosiery/underwear. Guidance raised for operating margin and EPS, with Hanesbrands acquisition integration underway and Comfort Colors driving double-digit growth.
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A definitive agreement will combine two major apparel companies, doubling revenues and creating a global leader in basic apparel. The $4.4B deal targets $200M in synergies, is expected to be over 20% EPS accretive, and will close by early 2026 pending approvals.
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Record Q2 sales and EPS were driven by 12% Activewear growth and margin expansion, offsetting declines in Hosiery and Underwear. Full-year guidance was reaffirmed with a narrowed EPS range, supported by innovation, capacity expansion, and effective tariff mitigation.
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The meeting confirmed the election of eight directors, reappointment of KPMG as auditors, and approval of executive compensation policy. 2024 saw strong financial results, major investments in capacity and innovation, and robust shareholder returns. 2025 guidance projects continued growth and resilience.
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First-quarter sales grew 2.3% year-over-year to $712 million, led by 9% activewear growth, while adjusted EPS was flat at $0.59. Guidance for 2025 is maintained, with mid-single-digit revenue growth and 13–19% adjusted EPS growth expected, supported by innovation, cost advantages, and supply chain flexibility.
Fiscal Year 2024
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Record Q4 and full-year results were driven by innovation, market share gains, and international growth, with strong margins and significant capital returns. 2025 guidance calls for mid-single digit revenue growth, higher margins, and continued investment in capacity and innovation.
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Record Q3 sales and EPS were achieved, with strong margin expansion and robust free cash flow. Guidance for 2024 was raised, and the company remains confident in its three-year growth targets, supported by capacity expansion, innovation, and market share gains.
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Q2 2024 delivered strong sales and margin growth, with adjusted EPS up 17% year-over-year. Guidance for 2024 and the next three years remains robust, driven by capacity expansion, innovation, and market share gains, especially in fleece and ring spun categories.