Record Second Quarter Sales
Gildan reported record second quarter sales of $919 million, up 6.5% year-over-year, driven by a strong Activewear sales growth of 12%.
Improved EPS
The company reported record adjusted diluted EPS of $0.97, an increase of 31% year-over-year.
Operational Efficiency and Innovation
The Bangladesh facility ramped up successfully, contributing to operational efficiency. The company continues to introduce new innovations and products, such as the Soft Cotton Technology.
Strong Market Position
Gildan continues to gain market share in key growth categories, supported by strong demand for existing and new brand offerings.
ESG Recognition
Gildan was recognized as one of Canada's Best 50 Corporate Citizens and featured among TIME's World's Most Sustainable Companies.
Effective Tax Rate Improvement
The company's adjusted effective income tax rate for the quarter improved to 17.4% compared to 27.2% last year.