Gildan Reports Q3 Results, Cuts 2026 Guidance and Withdraws Long-Term Objectives
Gildan reported Q3 2026 net sales of $1.47 billion and adjusted diluted EPS of $1.54. It now expects 2026 revenue of $5.4 billion–$5.5 billion and adjusted diluted EPS of $3.70–$3.80, both below prior market expectations, and withdrew its 2026–2028 objectives. The board also approved a buyback of up to 5% of outstanding common shares.
Gildan Activewear reported third-quarter 2026 net sales of $1.47 billion and adjusted diluted EPS of $1.54. The company updated its full-year 2026 guidance, now expecting revenue between $5.4 billion and $5.5 billion and adjusted diluted EPS in the range of $3.70 to $3.80, both falling below prior market expectations. Citing a subdued demand environment and changing macroeconomic conditions, the company withdrew its previously communicated 2026—2028 objectives. Additionally, the board approved a new normal course issuer bid (NCIB) to repurchase up to 5% of its outstanding common shares.
Gildan plans to provide an updated long-term outlook at an Investor Day scheduled for the spring of 2027.