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Gildan Activewear ( (TSE:GIL) ) has issued an announcement.
Gildan Activewear reported record first quarter 2026 net sales from continuing operations of $1.17 billion, up 63.8% year over year, as it fully consolidated HanesBrands’ results for the first time while classifying the HanesBrands Australian business as discontinued operations. The company’s wholesale sales declined amid planned inventory reductions, but retail revenue surged on the HanesBrands deal and higher pricing, with key underwear brands gaining market share despite a more uncertain external environment.
Gross profit rose in absolute terms and adjusted gross margin improved to 33.0%, but higher SG&A tied to the HanesBrands acquisition and financing costs pushed Gildan to a GAAP operating loss of $1 million and a diluted loss per share of $0.30 from continuing operations for the quarter ended March 29, 2026. On an adjusted basis, operating income increased to $167 million and EPS reached $0.43, while the company consumed about $310 million of free cash flow and ended the period with net debt of $4.87 billion and leverage of 3.3 times, yet it maintained its full-year 2026 guidance and three-year objectives as integration and cost-synergy initiatives, targeting $100 million in 2026 and $250 million annually within three years, progressed as planned.
The most recent analyst rating on (TSE:GIL) stock is a Buy with a C$78.00 price target. To see the full list of analyst forecasts on Gildan Activewear stock, see the TSE:GIL Stock Forecast page.
Spark’s Take on GIL Stock
According to Spark, TipRanks’ AI Analyst, GIL is a Neutral.
The score is driven primarily by solid underlying profitability and cash generation, supported by upbeat 2026 guidance and higher synergy targets. These positives are tempered by materially higher leverage and limited debt-coverage metrics, while weak technical momentum (price below major moving averages with negative MACD) further drags the overall rating; valuation is neutral-to-slightly expensive with only a modest dividend yield.
To see Spark’s full report on GIL stock, click here.
More about Gildan Activewear
Gildan Activewear Inc. is a Montreal-based apparel manufacturer and marketer specializing in basic activewear, underwear and related products, selling into wholesale channels such as distributors, screenprinters and global lifestyle brands, as well as retail outlets including mass merchants, department stores, specialty and online retailers. The company operates a low-cost, vertically integrated manufacturing platform and has recently expanded its scale and market reach through the acquisition of HanesBrands, excluding the Australian business classified as held for sale.
Average Trading Volume: 566,161
Technical Sentiment Signal: Buy
Current Market Cap: C$14.25B
Find detailed analytics on GIL stock on TipRanks’ Stock Analysis page.