Canada · Delayed Price · Currency is CAD Gildan Activewear Earnings Call Transcripts
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 covered board elections, auditor appointment, and executive compensation, all of which were approved. Strong 2024 financials were reported, with robust sales, margins, and shareholder returns, and the company outlined its growth strategy focused on capacity, innovation, and ESG.
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Q1 sales grew 2.3% year-over-year to $712 million, led by 9% activewear growth and market share gains, while adjusted EPS was flat. 2025 guidance is maintained, with mid-single-digit revenue growth, margin expansion, and strong free cash flow expected despite tariff and macroeconomic headwinds.
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, margin expansion, and market share gains, especially in Activewear and international markets. Guidance for 2024 and the next three years remains robust, with continued focus on innovation, capacity growth, and capital returns.