Gildan Activewear Expects To Receive $220M In IEEPA Tariff Refunds Under U.S. CBP Refund Process In 2026
Most of the refunds anticipated to be recorded during the third quarter. A significant portion of the tariff refunds represent a non-recurring benefit. This portion will be reinvested into new incremental strategic growth initiatives in 2026, including investments in brand building, retail marketing programs and accelerating product innovation and packaging enhancements. Additionally, a sizeable portion of the refunds reflects a recurring benefit because following recent changes to the U.S. tariff policy, tariffs ceased to apply on apparel qualifying as originating under CAFTA-DR, representing a structural benefit for the Company going forward. The impact of this recurring structural benefit is reflected in the Company’s updated financial guidance.
Most of the refunds anticipated to be recorded during the third quarter.
A significant portion of the tariff refunds represent a non-recurring benefit.
This portion will be reinvested into new incremental strategic growth initiatives in 2026, including investments in brand building, retail marketing programs and accelerating product innovation and packaging enhancements.
Additionally, a sizeable portion of the refunds reflects a recurring benefit because following recent changes to the U.S. tariff policy, tariffs ceased to apply on apparel qualifying as originating under CAFTA-DR, representing a structural benefit for the Company going forward.
The impact of this recurring structural benefit is reflected in the Company’s updated financial guidance.