Gildan posts slight sales increase, reaffirms outlook

Gildan headquarters Credits: Gildan Activewear Inc. Canadian activewear retailer Gildan reported net sales of 712 million dollars, a 2.3 percent increase compared to the prior year, while adjusted net earnings of 89.8 million dollars were down 9.4 percent. The company's activewear sales saw a 9 percent rise, driven by higher sales volumes and a favourable product mix in North America. However, hosiery and underwear sales decreased by 38 percent due to the phase-out of the Under Armour business. Despite the mixed performance across different segments, Gildan is reconfirming its full-year 2025 guidance. The company expects revenue growth for the full year to be in the mid-single digits. "Despite the current challenging macroeconomic environment, our focus on our Gildan Sustainable Growth (GSG) strategy continues to drive results, underscored by our performance in the first quarter, including strong net sales growth of 9% in Activewear," said Glenn J. Chamandy, Gildan’s president and CEO. Reaffirming its full-year 2025 guidance, the company said it continues to expect revenue growth to be up mid-single digits, adjusted operating margin to be up approximately 50 basis points and adjusted diluted EPS in the range of 3.38 dollars to 3.58 dollars, up between 13 percent and 19 percent year over year.

Apr 30, 2025 - 07:12

Gildan posts slight sales increase, reaffirms outlook

Gildan headquarters *Credits: Gildan Activewear Inc.*

Canadian activewear retailer Gildan reported net sales of 712 million dollars, a 2.3 percent increase compared to the prior year, while adjusted net earnings of 89.8 million dollars were down 9.4 percent.

The company's activewear sales saw a 9 percent rise, driven by higher sales volumes and a favourable product mix in North America. However, hosiery and underwear sales decreased by 38 percent due to the phase-out of the Under Armour business.

Despite the mixed performance across different segments, Gildan is reconfirming its full-year 2025 guidance. The company expects revenue growth for the full year to be in the mid-single digits.

"Despite the current challenging macroeconomic environment, our focus on our Gildan Sustainable Growth (GSG) strategy continues to drive results, underscored by our performance in the first quarter, including strong net sales growth of 9% in Activewear," said Glenn J. Chamandy, Gildan’s president and CEO.

Reaffirming its full-year 2025 guidance, the company said it continues to expect revenue growth to be up mid-single digits, adjusted operating margin to be up approximately 50 basis points and adjusted diluted EPS in the range of 3.38 dollars to 3.58 dollars, up between 13 percent and 19 percent year over year.