“We were pleased with this quarter’s results as we continue to drive profitable growth, supported by strong net sales growth in Activewear which allowed us to deliver record adjusted diluted EPS. Our record-setting third quarter results once again showcase the effectiveness of the Gildan Sustainable Growth (GSG) strategy to drive strong financial performance, and we’re excited about the next phase of our growth journey,” said Glenn J Chamandy president and CEO at Gildan.
Gildan Activewear has reported record Q3 2025 results with net sales of $911 million, up 2.2 per cent, and adjusted diluted EPS rising 17.6 per cent to $1.
Activewear sales grew 5.4 per cent, driving a record adjusted operating margin of 23.2 per cent.
CEO Chamandy highlighted strong execution under the GSG strategy.
The firm reaffirmed 2025 guidance and expects to close its HanesBrands merger soon.
Activewear sales rose 5.4 per cent to $831 million, driven by favourable product mix, higher prices, and strong North American demand, while Hosiery and underwear sales fell 22.1 per cent to $80 million due to lower volumes and shipment timing. International sales decreased 6.1 per cent to $60 million amid market softness. Gross profit improved to $307 million, or 33.7 per cent of sales, supported by lower manufacturing costs and favourable pricing to offset tariff impacts, Gildan said in a press release.
The operating income stood at $192 million (21.1 per cent margin), with adjusted operating income up $12 million YoY to $212 million. Net financial expenses rose to $44 million due to financing fees related to the proposed HanesBrands acquisition, expected to close later in 2025 or early 2026.
GAAP diluted earnings per share (EPS) was $0.8, while adjusted diluted EPS rose 17.6 per cent to $1. For the first nine months of 2025, Gildan recorded $2.54 billion in net sales, $818 million in gross profit, and $556 million in adjusted operating income. The company also generated $200 million in Q3 free cash flow and $189 million year-to-date.
Meanwhile, Gildan expects mid-single-digit full-year revenue growth, an adjusted operating margin up by 70 basis points, and adjusted diluted EPS between $3.45 and $3.51—a YoY increase of 15–17 per cent. Capital expenditure is forecast at 4 per cent of sales, with free cash flow around $400 million.
“Delivering another strong quarter despite a fluid macroeconomic environment and softer demand highlights our commitment to the GSG strategy. Our vertically integrated business model and strong positioning should continue to support robust financial performance,” added Chamandy.
Fibre2Fashion News Desk (SG)
