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Gildan Activewear Inc. posted first-quarter results that topped Wall Street expectations, with adjusted diluted earnings from continuing operations of $0.43 per share beating the $0.40 consensus forecast from 12 analysts by 7.5%. The apparel manufacturer reported revenue of $1.17B, edging past the $1.15B estimate by 1.6% and marking a substantial 63.8% increase from the prior-year quarter’s $711.7M. Adjusted net income reached $80.1M for the period.
The company’s adjusted operating margin came in at 14.3% for the quarter. Wholesale remained the leading segment with $552.1M in revenue, though that figure reflected an 11.9% year-over-year decline. Gildan reported 185,180,953 common shares issued and outstanding at quarter end.
For the full year 2026, management provided guidance calling for adjusted earnings per share between $4.20 and $4.40, with revenue projected in the range of $6.00B to $6.20B. The outlook comes as the activewear supplier navigates shifting demand patterns across its distribution channels.
Analyst sentiment on the stock remains predominantly positive, with Wall Street consensus showing 10 buy ratings, 3 hold ratings, and no sell recommendations.
A detailed analysis of Gildan Activewear Inc.’s quarter follows shortly on AlphaStreet.
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