Gildan Activewear (TSE:GIL) Announces Quarterly Earnings Results

Gildan Activewear (TSE:GIL) (NYSE:GIL) issued its quarterly earnings results on Thursday. The company reported C$2.18 earnings per share (EPS) for the quarter, FiscalAI reports. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. The firm had revenue of C$2.08 billion for the quarter.

Gildan Activewear Stock Down 0.1%

GIL traded down C$0.04 during trading hours on Friday, reaching C$49.00. 1,945,268 shares of the stock traded hands, compared to its average volume of 665,777. The firm’s fifty day simple moving average is C$61.54 and its two-hundred day simple moving average is C$76.50. The company has a market cap of C$9.07 billion, a price-to-earnings ratio of 96.08, a PEG ratio of 4.55 and a beta of 1.77. Gildan Activewear has a fifty-two week low of C$43.69 and a fifty-two week high of C$100.44. The company has a debt-to-equity ratio of 145.29, a current ratio of 1.93 and a quick ratio of 0.87.

Gildan Activewear Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, September 14th. Stockholders of record on Monday, September 14th were paid a $0.2490 dividend. The ex-dividend date was Thursday, August 20th. This represents a $1.00 annualized dividend and a dividend yield of 2.0%. Gildan Activewear’s dividend payout ratio is 186.27%.

Insider Buying and Selling

In other Gildan Activewear news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the company’s stock in a transaction dated Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total value of C$607,440.00. Following the completion of the transaction, the insider directly owned 2,243 shares of the company’s stock, valued at C$170,310.99. This represents a 78.10% decrease in their position. 2.26% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

GIL has been the subject of several research reports. National Bank Financial decreased their price objective on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating for the company in a research note on Monday, October 19th. Scotia cut their target price on shares of Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating on the stock in a research note on Tuesday. Finally, Desjardins reduced their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a report on Tuesday. Four investment analysts have rated the stock with a Buy rating. According to data from MarketBeat.com, the stock presently has an average rating of “Buy” and an average price target of C$80.25.

Key Headlines Impacting Gildan Activewear

Here are the key news stories impacting Gildan Activewear this week:

• Positive Sentiment: Gildan authorized a share buyback plan, which could provide some support for the stock, although the reports do not specify its size. Gildan Activewear Inc. authorizes a Buyback Plan
• Negative Sentiment: Management cut its 2026 outlook amid a rapid change in market conditions and withdrew its 2026–2028 objectives. It now expects 2026 revenue of $5.4 billion–$5.5 billion and free cash flow of $700 million–$750 million. The lower outlook and reduced visibility are significant headwinds. Gildan 2026 outlook
• Negative Sentiment: Third-quarter pro forma sales fell 8.7% and missed expectations. Adjusted earnings rose 54% year over year but also came in below forecasts, suggesting that stronger earnings growth did not offset weakness in demand. Third-quarter results
• Negative Sentiment: UBS said business headwinds could persist through 2027, while TD Cowen lowered its price target to $49. These updates reinforce concern that recovery may take time. UBS outlook TD Cowen price target
• Negative Sentiment: Investor law firms publicized a securities class action and a December 14 lead-plaintiff deadline, adding litigation-related uncertainty. These notices are not findings of wrongdoing. Class action notice

About Gildan Activewear

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.