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For fiscal 2026 (FY26), Gildan reaffirmed revenue guidance of $6-6.2 billion, adjusted operating margin of around 20 per cent, and adjusted Earnings per share (EPS) of $4.2-4.4. Free cash flow is projected to exceed $850 million. The company expects Q2 sales of about $1.6 billion, with margins improving as integration benefits materialise.<\/p>\n
Gildan has reported a strong Q1 FY26, driven by HanesBrands integration, and reaffirmed full-year guidance.
\nNet sales rose sharply, while margins were impacted by acquisition-related costs.
\nRetail sales surged, offsetting weaker wholesale performance.
\nAdjusted margins exceeded guidance, supported by pricing actions.
\nThe company remains focused on operational efficiency and cost discipline. <\/p>\n
It noted that geopolitical risks and tariff uncertainties remain key variables in the outlook.<\/p>\n
Meanwhile, the net sales from continuing operations in Q1 stood at $1.17 billion, up 63.8 per cent year on year (YoY), driven largely by the consolidation of HanesBrands. The company maintained its full-year guidance, citing steady integration progress and confidence in its growth strategy.<\/p>\n
\u201cWe are pleased with our first quarter performance, reflecting disciplined execution across the organization and continued progress against our strategic priorities. We advanced our integration initiatives as planned, with early actions reinforcing our operating model and strengthening our ability to drive efficiency and synergy capture,\u201d said Glenn J Chamandy, Gildan\u2019s president and CEO.<\/em><\/strong><\/p>\n He added that despite an uncertain external environment, the company remains focused on controllable factors, driving operational excellence, advancing the HanesBrands integration, and maintaining cost discipline and consistent execution; supported by its low-cost, vertically integrated platform and strong balance sheet.<\/p>\n Adjusted operating margin stood at 14.3 per cent, ahead of guidance, while GAAP operating margin was slightly negative at (0.1) per cent due to acquisition-related and restructuring costs. Adjusted diluted EPS from continuing operations came in at $0.43, down from $0.59 a year earlier, Gildan said in a press release.<\/p>\n Wholesale sales declined 11.9 per cent to $552 million amid proactive inventory reduction and the absence of tariff-driven pre-buying seen last year. Retail sales surged to $614 million. The company also reported gains in key underwear brands and continued momentum in labels such as Comfort Colors and Champion.<\/p>\n Gross profit reached $278 million, while adjusted gross margin improved to 33 per cent, supported by pricing actions and lower input costs. However, higher Selling, General and Administrative expenses (SG&A) expenses and financial costs weighed on profitability.<\/p>\n The company ended the quarter with net debt of $4.87 billion.<\/p>\n
<\/p>\n Fibre2Fashion News Desk (SG) <\/p>\n
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