Gildan Activewear earnings date
Gildan Activewear's next results are expected on October 29, 2026. Watch whether management's September-quarter promise becomes recurring earnings.
What has Gildan Activewear guided for 2026?
Management’s promise is to earn more from each sales dollar in 2026, not simply to sell more garments. It guides to US$6,000 million of revenue and a 21.8% adjusted operating margin. Adjusted diluted earnings per share are guided to US$4.65–US$4.75, representing growth of 32.5%–35.0%. An operating margin is the share of sales left after manufacturing and operating costs.
Tariff refunds and integration savings support the forecast. Gildan expects US$220 million of IEEPA refunds in 2026 and US$100 million of targeted integration savings. Refunds are largely nonrecurring, while qualifying Central American production can receive continuing tariff relief; management plans to reinvest much of the temporary benefit in brands, products and packaging.
| Period guided | Low | High | Date given | |
|---|---|---|---|---|
| Revenue | Fiscal 2026 | 6,000 | 6,000 | Jul 30, 2026 |
| Full year adjusted operating margin | Fiscal 2026 | 21.8% | 21.8% | Jul 30, 2026 |
| Adjusted diluted EPS | Fiscal 2026 | 4.65 | 4.75 | Jul 30, 2026 |
| Adjusted diluted EPS growth year over year | Fiscal 2026 | 32.5% | 35.0% | Jul 30, 2026 |
| Free cash flow | Fiscal 2026 | 1,000 | 1,000 | Jul 30, 2026 |
| Targeted synergies | Fiscal 2026 | 100 | 100 | Jul 30, 2026 |
What this means. Free cash flow includes cash from businesses the company is selling or has already stopped operating, so it may look stronger than the continuing business really is.
Has Gildan Activewear kept its promises?
Management raised its annual cost-synergy target to approximately US$250 million over three years. It said approximately US$100 million of savings remained on course for 2026. Those milestones are encouraging, but an implemented initiative and a full year of realized savings are not the same thing.
What were Gildan Activewear's last eight quarters of results?
Revenue grew 72.3% year over year because the comparison was Gildan alone against the combined Gildan–Hanes business. Against a comparable combined-business base, sales declined 7.9%. Earlier customer pre-buying and current channel inventory reductions explain part of the difference, but retail demand and seasonal stocking were also softer.
Operating cash flow reached 347,436 in June, but first-half free cash flow remained negative 28,718. The quarter therefore combines recovery, seasonality, acquisition effects and unusual income. The next question is whether customers are replenishing their stocks.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | |
|---|---|---|---|---|---|---|---|---|
| Revenue | 1,582,474 | 1,165,944 | 1,078,493 | 910,567 | 918,504 | 711,672 | 821,520 | 891,106 |
| Gross margin | 29.1% | 23.9% | 28.9% | 33.7% | 31.5% | 31.2% | 30.8% | 31.2% |
| Operating income | 175,899 | -1,277 | 98,693 | 192,105 | 199,494 | 129,646 | 178,982 | 192,945 |
| Net income | 90,401 | -55,052 | 51,169 | 120,155 | 137,929 | 84,682 | 132,318 | 131,474 |
| EPS, diluted | 0.49 | -0.30 | 0.32 | 0.80 | 0.91 | 0.56 | 0.86 | 0.82 |
| = Free cash flow | 302,324 | -331,042 | 293,255 | 196,376 | 150,642 | -168,949 | 166,709 | 145,943 |
What this means. Free cash flow is not just cash from running the business minus equipment spending here: it also subtracts lease and interest payments, while cash from operations includes a business the company has sold.