Gildan Activewear (NYSE:GIL) Releases FY 2026 Earnings Guidance
by Renee Jackson · The Cerbat GemGildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) issued an update on its FY 2026 earnings guidance on Thursday morning. The company provided earnings per share (EPS) guidance of 4.200-4.400 for the period, compared to the consensus estimate of 4.300. The company issued revenue guidance of $6.0 billion-$6.2 billion, compared to the consensus revenue estimate of $6.1 billion.
Gildan Activewear Trading Up 10.3%
NYSE:GIL traded up $5.81 during trading hours on Thursday, hitting $62.07. 2,270,399 shares of the stock were exchanged, compared to its average volume of 1,008,057. The company’s 50 day moving average is $60.14 and its two-hundred day moving average is $61.51. The company has a quick ratio of 1.05, a current ratio of 2.11 and a debt-to-equity ratio of 1.16. The company has a market capitalization of $11.49 billion, a P/E ratio of 23.69 and a beta of 1.13. Gildan Activewear has a twelve month low of $45.72 and a twelve month high of $73.69.
Gildan Activewear (NYSE:GIL – Get Free Report) (TSE:GIL) last posted its quarterly earnings results on Thursday, April 30th. The textile maker reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.34 by $0.09. Gildan Activewear had a return on equity of 27.32% and a net margin of 11.02%.The business’s revenue for the quarter was up 63.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.59 EPS. Gildan Activewear has set its FY 2026 guidance at 4.200-4.400 EPS. On average, sell-side analysts anticipate that Gildan Activewear will post 4.26 earnings per share for the current fiscal year.
Gildan Activewear Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Monday, June 15th. Stockholders of record on Wednesday, May 20th will be paid a $0.249 dividend. The ex-dividend date of this dividend is Wednesday, May 20th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 1.6%. Gildan Activewear’s dividend payout ratio is 38.17%.
Analyst Upgrades and Downgrades
A number of research firms have recently weighed in on GIL. BMO Capital Markets increased their price target on Gildan Activewear from $70.00 to $78.00 and gave the company an “outperform” rating in a research note on Monday, January 26th. National Bank Financial increased their price target on Gildan Activewear from $92.00 to $97.00 and gave the company an “outperform” rating in a research note on Monday, February 2nd. Zacks Research downgraded Gildan Activewear from a “hold” rating to a “strong sell” rating in a research note on Monday, February 23rd. Scotiabank increased their price target on Gildan Activewear from $72.00 to $74.00 and gave the company a “sector outperform” rating in a research note on Monday, March 2nd. Finally, TD Securities reissued a “buy” rating and issued a $77.00 price target on shares of Gildan Activewear in a research note on Tuesday, January 27th. Thirteen investment analysts have rated the stock with a Buy rating, two have issued a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $80.08.
Read Our Latest Stock Analysis on Gildan Activewear
Gildan Activewear News Roundup
Here are the key news stories impacting Gildan Activewear this week:
- Positive Sentiment: Q1 results beat expectations — adjusted EPS topped estimates and quarterly revenue surged ~63.8% year‑over‑year as HanesBrands was consolidated, showing near‑term top‑line benefit from the acquisition. Gildan Reports Record First Quarter Revenue
- Positive Sentiment: Company reiterated full‑year 2026 guidance (EPS 4.20–4.40) and continues to target roughly $100M of synergies in 2026 and ~$250M annual run‑rate over the next three years — supports longer‑term earnings accretion expectations. Gildan Reports Record First Quarter Revenue
- Positive Sentiment: Board approved a quarterly dividend (record May 20; payable June 15), supporting income‑oriented investor interest and signaling confidence in cash flow. (Company dividend announcement 4/30)
- Neutral Sentiment: Market reaction is also driven by volume and positioning around the HanesBrands deal — the integration offers upside but creates near‑term noise as results are restated on a combined basis. Gildan Activewear Revenue Climbs
- Negative Sentiment: Gildan reported a GAAP diluted loss of $0.30 for Q1 (while adjusted EPS was positive), which highlights one‑time charges and integration costs that could pressure near‑term reported earnings. Gildan Activewear Posts Loss as HanesBrands Acquisition Lifts Sales
- Negative Sentiment: A shareholder law firm, Levi & Korsinsky, has launched a fraud investigation related to potential securities‑law issues tied to prior disclosures — this raises governance/legal risk and could increase scrutiny or litigation exposure. Levi & Korsinsky Launches Fraud Investigation on Behalf of Gildan Activewear Inc. (GIL) Shareholders
- Negative Sentiment: Management noted planned inventory reductions and integration work that weighed on Q1 results — these operational actions should improve margins over time but can depress near‑term profitability. Gildan Activewear’s Q1 Impacted by Planned Inventory Reductions
Institutional Trading of Gildan Activewear
Several hedge funds have recently added to or reduced their stakes in GIL. AQR Capital Management LLC raised its stake in Gildan Activewear by 49.3% during the 1st quarter. AQR Capital Management LLC now owns 13,209 shares of the textile maker’s stock worth $584,000 after buying an additional 4,360 shares during the period. Goldman Sachs Group Inc. raised its stake in Gildan Activewear by 40.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 1,760,253 shares of the textile maker’s stock worth $77,838,000 after buying an additional 503,359 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its stake in Gildan Activewear by 2.6% during the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 186,585 shares of the textile maker’s stock worth $8,251,000 after buying an additional 4,714 shares during the period. Cetera Investment Advisers raised its stake in Gildan Activewear by 2.1% during the 2nd quarter. Cetera Investment Advisers now owns 12,510 shares of the textile maker’s stock worth $616,000 after buying an additional 259 shares during the period. Finally, Prudential Financial Inc. acquired a new stake in Gildan Activewear during the 2nd quarter worth $317,000. Institutional investors and hedge funds own 82.83% of the company’s stock.
About Gildan Activewear
Gildan Activewear Inc (NYSE:GIL) is a vertically integrated manufacturer and wholesaler of branded basic apparel, including activewear, socks, hosiery and underwear. Headquartered in Montreal, Quebec, the company produces a wide range of products such as T-shirts, fleece garments, sport shirts, performance wear, and shapewear under its Gildan, Anvil, Comfort Colors, Gold Toe, Peds and Silks brands. Leveraging its in-house knitting, dyeing, cut-and-sew and finishing operations, Gildan supplies blank apparel to screen printers, promotional product distributors and major retailers around the world.
Since its founding in 1984 by Glenn J.