Gildan Activewear’s financial performance in the third quarter of 2025 has shown promising results. The company reported net sales of $911 million, representing a 2.2% increase from the same period last year, in line with their guidance of low single-digit growth. Despite a slight decline in operating income and net profit compared to Q3 2024, Gildan’s president and CEO, Glenn Chamandy, expressed satisfaction with the results.
Chamandy attributed the company’s success to its focus on driving profitable growth, with a strong net sales growth of 5.4% in Activewear contributing to record adjusted diluted earnings per share. He emphasized the effectiveness of Gildan’s Sustainable Growth strategy in delivering strong financial performance and expressed excitement about the company’s future growth prospects.
In August, Gildan announced its acquisition of Hanesbrands, a move aimed at leveraging operational strengths and enhancing value creation. Chamandy believes that this acquisition will further enhance Gildan’s capabilities and reach, positioning the company as a leader in the global basic apparel market.
Gildan’s activewear sales saw a significant increase of 5.4% to $831 million, driven by a favorable product mix and higher net prices. However, hosiery and underwear sales experienced a decline of 22.1% due to lower sales volumes, reflecting a timing shift of shipments into Q4 and market weakness in the category.
International sales also saw a decrease of 6.1% year over year, primarily due to soft demand across markets. Despite the challenging macroeconomic environment, Gildan delivered a strong quarter, underscoring its commitment to the Sustainable Growth strategy.
Looking ahead, Gildan maintains its revenue growth guidance for the full year, expecting a mid-single-digit increase. The adjusted operating margin is anticipated to improve by approximately 70 basis points, exceeding previous guidance. Adjusted diluted earnings per share are projected to be in the range of $3.45 to $3.51, up between approximately 15% and 17% year over year.
In conclusion, Gildan’s record-setting performance in Q3 sets a solid foundation for future growth, especially with the upcoming Hanesbrands acquisition. The company’s strategic focus on execution, combined with its low-cost vertically integrated business model, positions Gildan for continued success in the global apparel market.
