Gildan Activewear Sees Record $3.6B Sales, 21.5% Operating Margin
Gildan Activewear reported record 2025 revenue of $3.6 billion and a 21.5% adjusted operating margin, with adjusted EPS up 17% to $3.51. Q4 sales rose 31.3% to $1.078 billion, driven by Hanes integration boosting Innerwear by 171% and Activewear by 10.3%.
1. Record 2025 Financial Results
Gildan Activewear achieved record 2025 revenue of $3.6 billion with a 21.5% adjusted operating margin. Adjusted diluted EPS rose 17% to $3.51, while Q4 sales from continuing operations jumped 31.3% to $1.078 billion, reflecting strong consumer demand across segments.
2. Hanes Brands Integration and Synergies
Innerwear sales jumped 171% and Activewear sales climbed 10.3% in Q4 following the acquisition of Hanes Brands. Integration is progressing ahead of plan, enabling the company to increase projected cost synergies to $250 million over three years through manufacturing footprint optimization and IT standardization.
3. 2026 Outlook and Inventory Management
For fiscal 2026, Gildan Activewear forecasts revenue of $6.0–$6.2 billion and adjusted EPS of $4.20–$4.40, underpinned by a planned manufacturing expansion in Bangladesh through 2028. A targeted inventory destocking plan and closure of two acquired facilities are expected to constrain sales in H1 2026.