Gildan Activewear (TSE:GIL) Announces Earnings Results

Posted by Brenda Bartman on Nov 5th, 2026

Gildan Activewear (TSE:GIL – Get Free Report) (NYSE:GIL) announced its quarterly earnings data on Thursday. The company reported C$2.18 earnings per share (EPS) for the quarter, FiscalAI reports. Gildan Activewear had a return on equity of 2.12% and a net margin of 1.33%. The business had revenue of C$2.08 billion during the quarter.

Gildan Activewear Stock Down 18.9%

Gildan Activewear stock traded down C$11.40 during mid-day trading on Thursday, hitting C$49.04. The company had a trading volume of 2,920,434 shares, compared to its average volume of 659,771. The stock has a market cap of C$9.08 billion, a price-to-earnings ratio of 96.16, a PEG ratio of 4.55 and a beta of 1.63. Gildan Activewear has a 1 year low of C$43.69 and a 1 year high of C$100.44. The company has a quick ratio of 0.87, a current ratio of 1.93 and a debt-to-equity ratio of 145.29. The business has a fifty day moving average of C$62.54 and a 200 day moving average of C$76.89.

Gildan Activewear Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, September 14th. Shareholders of record on Monday, September 14th were paid a $0.2490 dividend. This represents a $1.00 annualized dividend and a yield of 2.0%. The ex-dividend date was Thursday, August 20th. Gildan Activewear’s dividend payout ratio is currently 186.27%.

Gildan Activewear News Roundup

Here are the key news stories impacting Gildan Activewear this week:

Positive Sentiment: Gildan authorized a share buyback plan, which could support shareholder returns and signal confidence in the business. The announcement does not specify the plan’s size here. Gildan Activewear authorizes a buyback plan
Neutral Sentiment: Desjardins maintained its Buy rating despite lowering its price target, offering a more constructive view than the target reduction alone suggests. Scotia also cut its target. Desjardins maintains Buy rating Desjardins cuts price target Scotia cuts price target
Negative Sentiment: The company reported third-quarter EPS of C$2.18 and revenue of C$2.08 billion, but sales fell short of targets. Its reduced FY26 outlook, attributed to macro headwinds and rapidly changing conditions, raises concerns about near-term demand and earnings. Gildan cuts outlook and misses third-quarter sales targets Gildan cuts FY26 outlook
Negative Sentiment: A securities class action is pending, with a December 14, 2026 deadline for investors seeking lead-plaintiff status. The litigation adds uncertainty, though the notice does not establish wrongdoing. Securities class action notice

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Desjardins reduced their target price on shares of Gildan Activewear from C$108.00 to C$90.00 and set a “buy” rating on the stock in a report on Tuesday. National Bank Financial dropped their price objective on shares of Gildan Activewear from C$107.00 to C$98.00 and set an “outperform” rating on the stock in a research report on Monday, October 19th. Finally, Scotia reduced their price objective on shares of Gildan Activewear from C$67.00 to C$53.00 and set a “sector outperform” rating on the stock in a report on Tuesday. Four research analysts have rated the stock with a Buy rating. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of C$80.25.

View Our Latest Stock Report on Gildan Activewear

Insider Buying and Selling at Gildan Activewear

In other news, insider Maria Andrea Pirie Woodbridge sold 8,000 shares of the business’s stock in a transaction that occurred on Thursday, August 27th. The shares were sold at an average price of C$75.93, for a total transaction of C$607,440.00. Following the completion of the sale, the insider owned 2,243 shares in the company, valued at approximately C$170,310.99. The trade was a 78.10% decrease in their position. Corporate insiders own 2.26% of the company’s stock.

About Gildan Activewear

(Get Free Report)

Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan, Hanes, Comfort Colors, American Apparel, ALLPRO, GOLDTOE, Peds, Bali, Playtex, Maidenform, Bonds, as well as Champion which is under an exclusive licensing agreement for the printwear channel in the U.S.