Gildan rallies as record Q1 sales hit $1.17B and FY26 outlook holds
Gildan Activewear shares jumped after it reported record Q1 2026 net sales of $1.17 billion, up 63.8% year over year, driven by the first full-quarter consolidation of HanesBrands. The company also maintained its full-year 2026 outlook and highlighted progress toward about $100 million of synergies in 2026.
1) What’s moving the stock
Gildan Activewear (GIL) is higher today after reporting first-quarter 2026 results showing record revenue and reiterating its full-year 2026 guidance. The quarter was the first full fiscal period with HanesBrands fully consolidated, which drove a sharp year-over-year step-up in the top line.
2) Key numbers investors are reacting to
For Q1 2026, Gildan reported net sales from continuing operations of $1.17 billion, up 63.8% versus the prior year. The company reported a GAAP diluted loss per share of $0.30, while adjusted diluted EPS was $0.43, alongside an adjusted operating margin of 14.3%.
3) Integration focus and outlook
Management said integration initiatives are progressing as planned and reiterated it is on pace to deliver approximately $100 million in synergies in 2026, with an expectation of about $250 million of annual run-rate cost synergies over the next three years. The company maintained its full-year 2026 guidance, keeping the focus on execution and synergy capture rather than resetting targets.