Gildan Activewear cuts FY‑2026 outlook after Q3 sales miss and withdraws long‑term targets

Gildan Activewear reported third‑quarter 2026 net sales of $1.47 billion, a 61.1 % increase year‑over‑year but below its $1.65 billion guidance. Adjusted earnings per share rose to $1.54. The company lowered its full‑year revenue forecast to $5.4‑$5.5 billion and adjusted EPS to $3.70‑$3.80, and it abandoned the 2026‑2028 financial objectives. It also completed the sale of its HanesBrands Australia unit for roughly $490 million and approved a share‑repurchase program for up to 5 % of outstanding shares.

The reduced revenue and earnings guidance signals lower near‑term growth, which may pressure the stock price and affect analysts' target models (TD Cowen cut its price target to $49). The share‑repurchase authorization could provide some support to shareholders, while the cash proceeds from the HanesBrands Australia sale will be used to repay debt.

  • 1Third‑quarter 2026 net sales from continuing operations were $1.47 billion, up 61.1 % from the prior year.
  • 2Adjusted diluted EPS for the quarter was $1.54, a 54.0 % increase year‑over‑year.
  • 3Full‑year 2026 revenue guidance was revised to a range of $5.4 billion to $5.5 billion.
  • 4Adjusted diluted EPS guidance for 2026 was set to $3.70‑$3.80 per share.
  • 5The company withdrew its previously communicated 2026‑2028 financial objectives.
  • 6Sale of HanesBrands Australia was completed on October 26 2026 for approximately $490 million.

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