Gildan Activewear Inc. manufactures and sells various apparel products in the United States, Canada, and internationally. It provides various activewear products, including T-shirts, fleece tops and bottoms, and sport shirts under the Gildan, Gildan Performance, Gildan Hammer, Comfort Colors, American Apparel, Anvil by Gildan, Alstyle, Prim + Preux, and GoldToe brands. The company also offers hosiery products comprising athletic; dress; and casual, liner, therapeutic, and workwear socks, as well as sheer panty hoses, tights, and leggings under the brands of Gildan, Under Armour, GoldToe, PowerSox, GT a GoldToe Brand, Silver Toe, Signature Gold by Goldtoe, Peds, MediPeds, Kushyfoot, Therapy Plus, All Pro, Secret, Silks, Secret Silky, and American Apparel. In addition, it provides men's and boys' underwear products, and ladies panties under the Gildan and Gildan Platinum brand names; and ladies' shapewear, intimates, and accessories under the Secret and Secret Silky brands. The company sells its products to wholesale distributors, screen printers, or embellishers, as well as to retailers and consumer brand companies. The company was formerly known as Textiles Gildan Inc. and changed its name to Gildan Activewear Inc. in March 1995. Gildan Activewear Inc. was founded in 1946 and is headquartered in Montreal, Canada.
IPO Year: 2000
Exchange: NYSE
Website: gildancorp.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 4/28/2025 | $51.00 | Overweight | Barclays |
| 1/10/2025 | $50.00 → $60.00 | Neutral → Buy | UBS |
| 8/2/2024 | Hold → Buy | Stifel | |
| 1/5/2024 | Buy → Neutral | UBS | |
| 12/7/2023 | Buy → Hold | Edward Jones | |
| 8/4/2023 | $36.00 → $38.00 | Hold → Buy | TD Securities |
| 5/2/2023 | $38.00 | Buy | Stifel |
| 1/23/2023 | Buy → Hold | TD Securities | |
| 11/5/2021 | $41.00 → $43.00 | Buy → Hold | Stifel |
| 11/5/2021 | Buy → Hold | Stifel |
MONTREAL, May 20, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") is pleased to announce the publication of its 21st Environmental, Social, and Governance (ESG) Report, outlining the Company's continued progress against the ten targets of its Next Generation ESG strategy. "Over the years, ESG, which is one of three pillars of our Gildan Sustainable Growth (GSG) strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovative business solutions and our ability to meet changing customer and consumer needs," says Glenn Chamandy, President and CEO of Gildan. "Just as importantly, it has also helped us
MONTRÉAL, April 30, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") today announced that the eight nominees proposed as directors in its management proxy circular dated March 18, 2025 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2025 in Montréal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the non-binding advisory vote on Executive Compensation ("Say on Pay") and the reappointment of its auditors. The voting results are detailed below: FORWITHHELD/AGAINSTNumber
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Non-GAAP financial measures and related ratios" in this press release Net sales of $712 million, up 2.3% vs. the prior yearOperating margin of 18.2%, adjusted operating margin1 of 19.0%GAAP diluted EPS of $0.56 and adjusted diluted EPS1 of $0.59Capital returned to shareholders of $62 million through share repurchasesCompany maintains its full year 2025 guidance, including the impact of tariffs MONTREAL, April 29, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended March 30, 2025 and maintained its 2025 guidance.
MONTREAL, April 16, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its first quarter 2025 financial and operating results on Tuesday, April 29, 2025. A press release will be issued after markets close, and a conference call is scheduled on that same day at 5:00 PM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 4627819#. A replay will be available for 7 days starting at 8:00 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as w
Outlines the Current Board's Track Record of Entrenchment, Chronic Financial Underperformance, and Sustained Destruction of Shareholder Value Believes the Time Has Come to Hold the Board Accountable for Failing Shareholders With Its Lack of Management Oversight, Succession Planning, and Misguided Decision Making Launches www.RefuelParkland.com Detailing the Case for Change and Introducing the Director Nominees and the Plan to Build Shareholder Value at Parkland Simpson Oil Limited ("Simpson Oil"), the largest shareholder of Parkland Corporation ("Parkland" or the "Company"), holding 19.8% of the outstanding common shares, today released a letter to Parkland shareholders outlining why cha
MONTREAL, March 19, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) announced today that Glenn J. Chamandy, President & Chief Executive Officer; Luca Barile, Executive Vice-President and Chief Financial Officer; and Jessy Hayem, Senior Vice-President, Head of Investor Relations and Global Communications, will participate in a fireside chat and one-on-one meetings with investors at the 28th Annual CIBC Retail and Consumer Conference in Toronto on Wednesday, March 26, 2025. About GildanGildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including whole
MONTREAL, March 12, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") announced today that it has priced an offering of C$700 million aggregate principal amount of senior unsecured notes in three series (the "Notes"), consisting of C$150 million aggregate principal amount of floating rate senior unsecured notes, Series 3, due March 13, 2028 (the "2028 Floating Rate Notes"), C$200 million aggregate principal amount of 3.630% senior unsecured notes, Series 4, due March 13, 2028 (the "2028 Fixed Rate Notes") and C$350 million aggregate principal amount of 4.149% senior unsecured notes, Series 5, due November 22, 2030 (the "2030 Fixed Rate Notes").
Chuck Ward, currently President, Sales, Marketing and Distribution, appointed EVP, Chief Operating OfficerRhodri J. Harries, EVP, Chief Financial and Administrative Officer, to retire on January 1, 2026Luca Barile, currently CFO, Sales, Marketing and Distribution, to succeed as EVP, Chief Financial Officer MONTREAL, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced the following executive leadership nominations and a CFO transition as part of a multi-year succession planning process, which are intended to ensure strong continuity as the Company drives forward with the Gildan Sustainable Growth Strategy: Chuck Ward, currently President, Sales, Ma
(all amounts are in U.S. dollars except where otherwise indicated)(1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Record fourth quarter net sales of $822 million, up 5% vs. the prior yearFourth quarter operating margin of 21.8%, adjusted operating margin1 of 21.3%Fourth quarter GAAP diluted EPS of $0.86 and record fourth quarter adjusted diluted EPS1 of $0.83Cash flow from operations of $211 million in Q4 and $501 million for the full year; free cash flow1 of $208 million in Q4 and $389 million for the full yearCapital returned to shareholders of $246 million in Q4 and $889 million for the full year, through dividends and share repu
MONTREAL, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 fourth quarter and full year results on Wednesday, February 19th, 2025. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 3105768#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as wel
Barclays initiated coverage of Gildan Activewear with a rating of Overweight and set a new price target of $51.00
UBS upgraded Gildan Activewear from Neutral to Buy and set a new price target of $60.00 from $50.00 previously
Stifel upgraded Gildan Activewear from Hold to Buy
UBS downgraded Gildan Activewear from Buy to Neutral
Edward Jones downgraded Gildan Activewear from Buy to Hold
TD Securities upgraded Gildan Activewear from Hold to Buy and set a new price target of $38.00 from $36.00 previously
Stifel initiated coverage of Gildan Activewear with a rating of Buy and set a new price target of $38.00
TD Securities downgraded Gildan Activewear from Buy to Hold
Stifel downgraded Gildan Activewear from Buy to Hold and set a new price target of $43.00 from $41.00 previously
Stifel downgraded Gildan Activewear from Buy to Hold
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(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Non-GAAP financial measures and related ratios" in this press release Net sales of $712 million, up 2.3% vs. the prior yearOperating margin of 18.2%, adjusted operating margin1 of 19.0%GAAP diluted EPS of $0.56 and adjusted diluted EPS1 of $0.59Capital returned to shareholders of $62 million through share repurchasesCompany maintains its full year 2025 guidance, including the impact of tariffs MONTREAL, April 29, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended March 30, 2025 and maintained its 2025 guidance.
MONTREAL, April 16, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its first quarter 2025 financial and operating results on Tuesday, April 29, 2025. A press release will be issued after markets close, and a conference call is scheduled on that same day at 5:00 PM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 4627819#. A replay will be available for 7 days starting at 8:00 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as w
Chuck Ward, currently President, Sales, Marketing and Distribution, appointed EVP, Chief Operating OfficerRhodri J. Harries, EVP, Chief Financial and Administrative Officer, to retire on January 1, 2026Luca Barile, currently CFO, Sales, Marketing and Distribution, to succeed as EVP, Chief Financial Officer MONTREAL, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) today announced the following executive leadership nominations and a CFO transition as part of a multi-year succession planning process, which are intended to ensure strong continuity as the Company drives forward with the Gildan Sustainable Growth Strategy: Chuck Ward, currently President, Sales, Ma
(all amounts are in U.S. dollars except where otherwise indicated)(1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Record fourth quarter net sales of $822 million, up 5% vs. the prior yearFourth quarter operating margin of 21.8%, adjusted operating margin1 of 21.3%Fourth quarter GAAP diluted EPS of $0.86 and record fourth quarter adjusted diluted EPS1 of $0.83Cash flow from operations of $211 million in Q4 and $501 million for the full year; free cash flow1 of $208 million in Q4 and $389 million for the full yearCapital returned to shareholders of $246 million in Q4 and $889 million for the full year, through dividends and share repu
MONTREAL, Feb. 05, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 fourth quarter and full year results on Wednesday, February 19th, 2025. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 3105768#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as wel
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Record third quarter net sales of $891 million, up 2.4% vs. the prior yearOperating margin of 21.7%, adjusted operating margin1 of 22.4%GAAP diluted EPS of $0.82 and record third quarter adjusted diluted EPS1 of $0.85Cash flow from operations of $178 million and free cash flow1 of $149 millionRecord quarterly return of $404 million to shareholders through dividends and share repurchasesCompany updates its full year 2024 guidance MONTREAL, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE)
MONTREAL, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 third quarter results on Thursday, October 31st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 7966565#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as the replay,
(all amounts are in U.S. dollars except where otherwise indicated) (1) Please refer to "Definition and reconciliation of non-GAAP financial measures" in this press release Net sales of $862 millionOperating margin of 16.4%, adjusted operating margin1 of 22.7%GAAP diluted EPS of $0.35 and adjusted diluted EPS1 of $0.74Cash flow from operations of $140 million and free cash flow1 of $104 millionCapital returned to shareholders of $182 million during the quarter through dividends and share repurchasesCompany announces a Normal Course Issuer Bid to repurchase up to 10% of the Company's public floatCompany reconfirms its full year 2024 guidance and provides three-year outlookGildan recogniz
MONTREAL, July 17, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) will report its 2024 second quarter results on Thursday, August 1st, 2024. A press release will be issued before markets open, and a conference call is scheduled on that same day at 8:30 AM ET to discuss the Company's results. The conference call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) and entering passcode 5492469#. A replay will be available for 7 days starting at 12:30 PM EST by dialing (800) 770-2030 (Canada & U.S.) or (609) 800-9909 (international) and entering the same passcode. A live audio webcast of the conference call, as well as the replay, w
MONTREAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) is committed to returning capital to shareholders via share buybacks and dividends as a key element of its capital allocation program. As previously indicated, the Company planned on resuming share repurchases following the Annual General Meeting of shareholders which occurred on May 28, 2024. Consequently, Gildan's newly reconstituted Board of Directors has now approved the resumption of share repurchases and an amended normal course issuer bid (NCIB). "Given our continued execution of the Gildan Sustainable Growth strategy, our expected strong free cash flow and the strength of our balance sheet, w
MONTRÉAL, April 30, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") today announced that the eight nominees proposed as directors in its management proxy circular dated March 18, 2025 were elected as directors of the Company by a majority of the votes cast by the shareholders or represented by proxy at its hybrid annual meeting of shareholders held on April 30, 2025 in Montréal. Gildan also notes that a majority of the votes cast by shareholders were in favour of the non-binding advisory vote on Executive Compensation ("Say on Pay") and the reappointment of its auditors. The voting results are detailed below: FORWITHHELD/AGAINSTNumber
MONTRÉAL, May 29, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or the "Company") today announced that the eight director nominees, being all of the existing directors of the Company following the resignation on May 23, 2024 of the prior members of the board of directors, were elected as directors of the Company for the ensuing year by an overwhelming majority of the votes cast by shareholders, in-person, and by proxy, at its annual meeting of shareholders held on May 28, 2024 in Montréal. As a result of the prior directors having all resigned in advance of the annual meeting and their decision not to present themselves for election, only eight director nomi
Thanks Shareholders for Their Overwhelming Vote in Favor of Browning West's Slate, Which Provides a Rare Mandate for the Replacement of Gildan's Entire Board of Directors Pleased That the Transition of Power at Gildan Has Commenced to Ensure Glenn Chamandy is Reinstated as CEO and Michael Kneeland is Appointed as Chair of the Board of Directors Browning West, Glenn Chamandy, and Michael Kneeland Reiterate the Slate's Commitment to Restore Stability to Gildan and Create Long-Term Value for All Company Stakeholders Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "C
Both Leading Proxy Advisory Firms Have Recommended Gildan Shareholders Vote "FOR" All Eight of Browning West's Nominees and WITHHOLD Support for the Board's Entire 10-Member Slate, Including Chair Tim Hodgson and Current CEO Vince Tyra Glass Lewis Concludes That the Incumbent Board Made a "Poorly Reasoned Decision to Remove a Sitting CEO With a Favorable Track Record" Glass Lewis Determines Browning West's Eight Strong Director Candidates Have "a More Compelling Path Forward for the Company" Shareholders Are Encouraged to Vote "FOR" Browning West's Entire Eight-Member Slate on the GOLD Proxy Card and WITHHOLD Support for the Company's Nominees Ahead of the May 28th Annual Meeting Br
- Board Urges Shareholders to Vote "FOR" ALL Gildan's Qualified and Experienced Director Nominees and Karen Stuckey and J.P. Towner on the BLUE Proxy Card MONTREAL, May 15, 2024 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL; TSX and NYSE) today announced that its Board of Directors has issued a letter to shareholders in connection with its upcoming 2024 Annual Meeting of Shareholders (the "2024 Annual Meeting") to be held on May 28, 2024. At the 2024 Annual Meeting, activist investor Browning West is seeking to replace eight of Gildan's highly qualified directors with its own candidates, including its own Co-Founder, Peter Lee, and reinstall Glenn Chamandy, as CEO of the Company. Gilda
Gratified That Board Leadership, Including the Chairman and Every Committee Chair, Has Seemingly Acknowledged Their Many Failures by Resigning En Masse Question Why the Board Has Gone to Such Lengths to Allow Vince Tyra to Remain CEO Despite His Track Record of Value Destruction and Amid Unprecedented Shareholder Calls to Reinstate Glenn Chamandy Remind Shareholders That Electing the Full Browning West Slate is the Only Clear Path to Reinstating Glenn Chamandy as CEO to Generate Outstanding Shareholder Returns Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Comp
Browning West, LP (together with its affiliates, "Browning West" or "we"), which is a long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company") and beneficially owns approximately 5.0% of the Company's outstanding shares, today issued the below statement regarding the Company's apparent decision to leak a meritless letter it sent to a U.S. regulator to a Canadian news outlet. "It is unfortunate that the Board is acting in a desperate, erratic manner now that its apparent failures of diligence and judgement during last year's CEO search process have been validated. Rather than use an error-ridden regulatory letter to spur a shameless publicity stunt i
Announces Expansion of Slate to Eight Highly Qualified Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry and Governance Experience Informs Shareholders That Browning West Has Requested the Special Meeting Be Held Without Delay Urges Gildan's Board to Respect the Will of Shareholders and Not Employ Tactics to Unreasonably Delay Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares.
Special Meeting Would Empower Shareholders to Improve Gildan's Board by Voting to Replace Five Incumbent Directors Replacement Slate Includes Five High Quality Director Candidates With Strong Track Records of Value Creation, Expertise in Successful Succession Planning, and Relevant Industry Experience Urges Gildan's Board to Refrain From Taking Actions to Entrench Itself or Delay the Special Meeting Browning West, LP (together with its affiliates, "Browning West" or "we") is a significant, long-term shareholder of Gildan Activewear Inc. (NYSE:GIL) (TSX:GIL) ("Gildan" or the "Company"), beneficially owning approximately 5.0% of the Company's outstanding shares. Today, Browning West i
MONTREAL, Dec. 20, 2023 (GLOBE NEWSWIRE) -- The Chairman of the Board of Directors of Gildan Activewear Inc. (GIL: TSX and NYSE) ("Gildan" or "the Company") and the Board's Committee Chairs today issued an open letter to shareholders. Dear Fellow Gildan Shareholders: We are writing to you today to clarify the record as to why the directors of Gildan recently came to the unanimous decision to remove Glenn Chamandy as chief executive officer and to outline the path forward under our new CEO Vince Tyra. We give Mr. Chamandy all the credit he rightly deserves for co-founding Gildan Activewear and respect that he built it into a successful public company. Throughout much of his 2
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