Gildan Activewear provides three-year outlook for the 2026-2028 period

Gildan (GIL) is reaffirming its full year 2025 revenue and EPS guidance as detailed in its 2025 second quarter earnings press release published on July 31, 2025. Furthermore, reflecting the impact and assuming completion of the proposed transaction, Gildan is providing a three-year outlook for the 2026-2028 period: Net sales growth at a compound annual growth rate in the 3-5% range; Capex as a percentage of sales of about 3-4% per year, on average, to support long-term growth and vertical integration; Enhanced shareholder returns through dividends and share repurchases in line with a long-term target leverage framework of 1.5x to 2.5x net debt1 to adjusted EBITDA; Adjusted diluted EPS CAGR in the low 20% range, starting from the midpoint of Gildan’s 2025 adjusted diluted EPS guidance. The three-year outlook for the 2026-2028 period is based on, among other things, the assumptions underlying Gildan’s current three-year outlook (for the 2025-2027 period) as described in Gildan’s fiscal 2024 earnings press release dated February 19, 2025 and in the Q2 2025 Earnings Release, as well as the following additional assumptions: low single-digit annual net sales growth for HanesBrands (HBI) during such period; the closing of the announced HanesBrands acquisition before the end of the first quarter of 2026; the successful integration of the acquired business into Gildan’s existing operations; the realization in full and within the projected timeframe of the expected run-rate synergies and other benefits anticipated from the acquisition; the refinancing of HanesBrands’ existing debt within the expected timeframe and on expected market terms; and the resumption of share buybacks under normal course issuer bid programs by Gildan upon return to the midpoint of Gildan’s targeted 1.5x to 2.5x pro forma net debt to adjusted EBITDA leverage ratio.