Gildan Activewear Q1: Record Sales, Synergies, and Growth

Gildan Activewears Q1 results showcase a significant 63.8% increase in sales, reaching $1.17 billion, driven by the acquisition of Hanes Brands. Despite a slight dip in earnings per share, the company maintains its 2026 guidance, projecting a 20% adjusted operating margin and a 20-25% jump in adjusted earnings per share. Gildans wholesale and retail sales grew, with gross margins adjusted to 33%. The company is optimistic about its integration of Hanes Brands, aiming for $100 million in synergies this year, and is expanding capacity for future growth. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/31e664b393fb529e