GGildan is a global manufacturer of basic apparel, focusing on undecorated blank t-shirts and related basics. Its products are produced through a vertically integrated model, controlling production from spinning yarn to sewing the final garment, with offshore sewing facilities to manage costs and quality. This allows Gildan to supply wholesale markets with high-volume, low-cost basic apparel such as 100% cotton tees, often used for screen printing and branding. The company has grown through strategic acquisitions like Anvil Knitwear and American Apparel to broaden its product lines and market reach, while maintaining a focus on scale and efficiency. Compared with competitors, Gildan emphasizes end-to-end control of manufacturing and cost leadership to offer affordable basics globally. Its goal is to be the world’s low-cost producer of high-quality basic apparel.
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10,001+
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Headquarters
Montreal, Canada
Founded
1984
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TSX today: what to watch for in stocks on Friday, November 6. The TSX could remain volatile today after Thursday's sharp selloff as investors await key Canadian and U.S. employment data and fresh corporate earnings reports amid persistent geopolitical and trade uncertainty. Published November 6, 9:00 am EST Key Points * The TSX Composite plunged 736 points, erasing nearly all its weekly gains as mixed earnings, U.S.-Iran tensions, and trade uncertainty rattled the Canadian stock market. * Gildan Activewear (TSX:GIL) crashed nearly 19% after cutting its outlook, while Labrador Iron Ore Royalty (TSX:LIF) jumped 8.5% on improving quarterly performance. * Investors will watch Canadian and U.S. jobs data, fresh corporate earnings, and Canada-U.S. trade developments for clues about the TSX's next move today. A day after posting its biggest single-day percentage gain in seven months, the Canadian stock market fell sharply on Thursday as investors reacted to largely mixed corporate results, renewed geopolitical uncertainty surrounding the U.S.-Iran conflict, and lingering concerns about Canada-U.S. trade relations. The S&P/TSX Composite Index plunged by 736 points, or 2%, to settle at 35,605 - marking its biggest single-day percentage decline in five while erasing nearly all of its weekly gains. Stock market news Even as strengthening gold prices helped some mining stocks trend higher, big intraday losses in many other key market sectors like financials, technology, and consumer cyclicals weighed heavily on the TSX benchmark, dragging it back below the 36,000-point level. Tired of guessing which stocks to buy? When its analyst team has a stock tip, it can pay to listen. After all, Stock Advisor Canada's total average return is 101% - a market-crushing outperformance compared to 91% for the S&P/TSX Composite Index. They revealed what they believe are 10 stocks for investors to buy right now, available when you join Stock Advisor Canada. See the stocks * Returns as of September 8th, 2026 Top TSX Composite movers and active stocks. Gildan Activewear (TSX: GIL) tanked by nearly 19% to $49.04 per share, making it the worst-performing TSX stock for the day. This selloff in GIL stock came after the Montreal-based apparel manufacturer delivered disappointing third-quarter results and sharply cut its full-year outlook. While its quarterly revenue jumped 61% year-over-year, mainly due to its HanesBrands acquisition, sales fell short of expectations as weaker consumer demand weighed on its business. Stock market analysis Despite a 54% increase in its adjusted earnings, Gildan lowered its full-year revenue forecast to between US$5.4 billion and US$5.5 billion. The company also withdrew its longer-term financial targets, citing rising interest rates, persistent inflation, and weaker demand for apparel. These disappointing forecasts and concerns about slowing consumer spending appeared to drive GIL stock sharply lower. Russel Metals, Celestica, and Lundin Mining also dived by more than 11% each, placing them among the session's bottom performers on the Toronto Stock Exchange. Despite the broader market selloff, Labrador Iron Ore Royalty (TSX: LIF) climbed 8.5% following the release of its third-quarter 2026 financial results. Although its quarterly royalty revenue fell 8% from a year ago, it improved 19% from the previous quarter. Meanwhile, iron ore sales volumes at the Iron Ore Company of Canada, in which Labrador Iron Ore Royalty holds an ownership stake of over 15%, rose 24% from the previous quarter. Despite continued pressure from weaker iron ore prices and softer Chinese steel demand, the company's improving quarterly performance appeared to encourage investors to buy LIF stock. Stock market analysis Torex Resources, OceanaGold, and Allied Gold also rose by at least 6.4% each, making them among the day's top-performing TSX stocks. Based on their daily trade volume, Canadian Natural Resources, Enbridge, Suncor Energy, Telus, and BCE were the five most active stocks on the exchange. TSX today. Commodity prices across the board were mixed in early Friday trading, pointing to a flat open for the resource-heavy main TSX index today. In addition to Canada's employment data, Canadian investors will closely monitor the latest U.S. jobs report and preliminary consumer sentiment figures this morning. Meanwhile, investors will continue to assess the implications of the Democrats' sweeping victory in the U.S. midterm elections for Canada-U.S. trade relations. On the corporate events front, Constellation Software, Brookfield Infrastructure Partners, ATCO, Enbridge, Emera, Canadian Utilities, Algonquin Power & Utilities, Parex Resources, and Brookfield Asset Management will release their latest quarterly earnings reports today, which could keep several key TSX sectors in focus throughout the session. Track Stock Market Market movers on the TSX today. Financial Market Data copyright (C) 2026 QuoteMedia. Data delayed 15 minutes unless otherwise indicated (view delay times for all exchanges). RT =Real-Time, EOD =End of Day, PD =Previous Day. Market Data powered by QuoteMedia. Terms of Use.
Investor files class action lawsuit against Gildan over alleged 'channel stuffing' The news comes just months after a report published by short seller Jehoshaphat Research made similar claims against the Counselor Top 40 supplier. Key Takeaways - A Gildan (asi/56842) investor filed a class action lawsuit alleging the supplier inflated revenue through channel stuffing and misled investors about internal financial controls. - The case follows a June short-seller report making similar allegations, which Gildan disputed, saying its disclosures provide accurate and comprehensive information. - The lawsuit adds to recent scrutiny of Gildan, including an FTC investigation into pricing provisions in its contract with S&S Activewear (asi/84358). A group of investors is taking Gildan (asi/56842) to court. Beda Cortez, an investor of the Counselor Top 40 supplier, filed a lawsuit in the U.S. District Court for the Northern District of New York on October 15, alleging Gildan inflated revenue and misled investors about internal controls. Cortez brought the case on behalf of investors who acquired Gildan securities between Feb. 19, 2025 and June 15, 2026. Gildan President and CEO Glenn Chamandy and Financial Chiefs Rhodri Harries and Luca Barile were named as defendants in the case. According to Cortez's allegations, Gildan convinced distributors to buy more merchandise than their customers needed, a practice known as channel stuffing, where a company pushes short-term growth by selling more product into a distribution channel than necessary for demand. Those orders, the lawsuit says, increased current sales but then left less business for later quarters. Cortez also claims that revenue numbers and assurances about financial controls in Gildan's 2024 and 2025 annual filings were inaccurate. The lawsuit builds on a report published by short seller Jehoshaphat Research in June alleging the apparel manufacturer inflated sales through channel stuffing, though Gildan disputed those claims at the time. Gildan shares fell as a result of the complaint. "The Company is confident that its current disclosure provides its investors with accurate and comprehensive information regarding Gildan, including with respect to its financial information and governance practices," Gildan said in a statement in June. A spokesperson from Gildan declined to comment on the current lawsuit, but pointed Counselor to the previous statement the firm provided in June disputing the claims. That statement is publicly available on Gildan's website. In March, the publicly traded firm reported increased sales to more than $3.6 billion in 2025, with Q4 sales climbing more than 30%. In Q1 of 2026, the firm reported a surge in retail sales to $614 million, though wholesale revenue decreased due to what Gildan says was the result of tariffs, higher borrowing costs and global geopolitical uncertainty. The lawsuit news comes just weeks after the FTC investigated Gildan, along with fellow Counselor Top 40 supplier S&S (asi/84358) after learning that S&S's contract with Gildan limited pricing discounts to S&S, and prohibited Gildan from offering those discounts to S&S competitors. Gildan and S&S amended their agreement as a result. Gildan ranks third on Counselor's most recent list of largest suppliers in the industry based on 2025 estimated North American promotional products revenue of $901.6 million. As of Oct. 20, Gildan shares were selling at $41.28.
FTC secures fair pricing protections by taking action against major wholesale t-shirt distributors. FTC action signals continued Robinson-Patman Act enforcement to protect consumers, small businesses October 8, 2026 The Federal Trade Commission secured changes to a partnership agreement between T-shirt manufacturer Gildan Activewear SRL and major wholesale T-shirt distributor S&S Holdings LLC that will protect small businesses and consumers from unfair and discriminatory pricing practices. This resolution also furthers the FTC's efforts to enforce the Robinson-Patman Act (RPA) in cases where price discrimination harms consumers. The FTC opened an investigation into Gildan and S&S after becoming aware that S&S's contract with Gildan prohibited Gildan from offering certain pricing and discounts given to S&S to S&S's competitors. The FTC investigated Gildan for potential violations of Section 2(a) of the RPA, which prohibits sellers from engaging in certain price discrimination. The FTC also investigated whether S&S violated Section 2(f) of the RPA, which prohibits knowingly inducing or receiving prohibited price discrimination. In response to the FTC's investigation, Gildan and S&S modified their agreement, which now provides: "Nothing in this Agreement restricts or restrains Gildan's discretion to set prices or offer partnership support to any other North American wholesale distributor." Given the changes Gildan and S&S have implemented, the FTC has now closed its investigation. The FTC posted a public letter from Gildan confirming that Gildan and S&S have amended the relevant contract. "Congress has prohibited unfair and discriminatory pricing practices that favor big businesses and box out small businesses, which are the engine of the American economy," said FTC Bureau of Competition Director Daniel Guarnera. "We will not hesitate to enforce the law when a large, powerful firm insulates itself from competition by forcing sellers to give worse prices to the firm's competitors. Such pricing policies are bad for consumers and distort competition by making it harder for small firms to compete on the merits of their products and services. We will not tolerate conduct that unfairly alters competition." This matter builds on the RPA settlement entered last week with Southern Glazer's Wine and Spirits, the largest U.S. distributor of wine and spirits. The Southern Glazer's settlement was the first RPA case resolved by a federal enforcement agency in over 20 years. Under the RPA, it is generally illegal for sellers to engage in price discrimination that harms competition by charging higher prices to disfavored retailers that purchase similar goods. RPA enforcement seeks to ensure that businesses of all sizes compete on a level playing field with equivalent access to discounts and rebates. Robust competition between businesses of all sizes is beneficial to consumers as it offers shoppers more choice and the ability to access lower prices across all retailers, regardless of their size.
Gildan Activewear dividend stock analysis: yield, dividend growth, and ETF exposure. By Joel Kornblau, Editor, Dividend Channel, Thursday, October 1, 2026, 11:23 AM ET Gildan Activewear Inc (GIL) has been included on the Dividend Channel "International S.A.F.E. 10" list, highlighting the company as an international dividend stock with a combination of current income, dividend consistency, and a multi-year record of payout growth. According to the latest DividendRank report, the stock offers a 2.3% dividend yield and has delivered at least five years of dividend increases. For income-oriented equity analysis, the key issue is not simply whether a stock pays a dividend, but whether that dividend appears durable and capable of expanding over time. In Gildan Activewear's case, the company's ranking reflects three core attributes that typically matter most in dividend evaluation: yield, consistency, and growth. Why Gildan Activewear ranked on the International S.A.F.E. 10 list. Gildan Activewear Inc (GIL) qualified for the "Dividend Channel International S.A.F.E. 10" list based on the framework behind the acronym: * S - Solid return: a meaningful dividend yield supported by strong DividendRank characteristics. * A - Accelerating amount: a pattern of dividend increases over time rather than a static payout. * F - Flawless five-year history: no missed or reduced dividend over the prior five years. * E - Enduring: at least a half-decade of regular dividend payments. That combination tends to distinguish companies whose dividends may be supported by an established operating base rather than by an unusually high payout alone. In practice, stocks with moderate yields and a history of annual dividend growth can be especially relevant when evaluating total-return potential, since a growing dividend may signal management confidence in cash generation and capital allocation discipline. GIL dividend yield and payout profile. The annualized dividend paid by Gildan Activewear Inc is $0.996 per share, distributed in quarterly installments. The most recent dividend ex-date was 08/20/2026. At the cited payout level, the stock's 2.3% dividend yield places it in the category of moderate-yield equities rather than high-yield names, which can be relevant when comparing income stocks across sectors and geographies. A moderate yield paired with dividend growth can be more informative than headline yield alone. Very high yields sometimes reflect elevated market skepticism about earnings durability, balance-sheet stress, or cyclicality. By contrast, a lower but steadily rising dividend can indicate a payout policy built around recurring free cash flow and longer-term earnings power. Dividend history matters more than a single yield snapshot. Dividend history remains one of the most useful starting points in dividend stock analysis. A long record of uninterrupted payments and periodic increases does not guarantee future growth, but it can help identify companies that have maintained payout discipline across changing market conditions. For Gildan Activewear, the long-term dividend history chart below provides a visual record of how the payout has evolved over time: ETF exposure: where GIL appears in dividend-focused portfolios. According to the ETF Finder at ETF Channel, Gildan Activewear Inc is an underlying holding representing 0.91% of the Powershares International Dividend Achievers ETF (PID), which holds $7,763,217 worth of GIL shares. ETF ownership can be relevant for two reasons. First, inclusion in a dividend-oriented fund suggests the company meets at least some rules-based income or quality screens. Second, ETF ownership can create a more stable base of institutional demand, although the effect depends on fund size, turnover, and index methodology. A sub-1% portfolio weight, as in this case, indicates GIL is a constituent rather than a dominant driver of fund performance. How to think about Gildan Activewear as a dividend stock. For dividend investors, Gildan Activewear presents a profile centered on balance rather than maximum current income. The main points are straightforward: * A 2.3% yield provides current income, though it is not unusually high. * A record of dividend growth adds an element of compounding over time. * Inclusion on a dividend-focused ranking and in a dividend ETF supports its visibility within income-oriented screens. * The dividend history is likely to matter more than any single quarterly declaration when assessing long-term appeal. That makes the stock most relevant in the context of dividend growth investing rather than pure yield capture. The core question is whether the company can continue converting operating performance into sustainable cash returns to shareholders. Sector context. GIL operates in the Textiles & Apparel sector, alongside companies such as Nike (NKE) and Tapestry Inc (TPR). Within consumer apparel, dividend characteristics can differ significantly based on brand strength, manufacturing scale, input-cost volatility, and exposure to discretionary spending cycles. As a result, dividend consistency in this sector is often best assessed in conjunction with operating resilience and margin stability over time. Looking for more ideas like this? Open Decades of Increasing Payments: 25 S.A.F.E. Dividend Stocks to compare dividend stocks by yield, value, ranking, or sector context.
Gildan sales surge in Q2. Sales rose 72% as HanesBrands integration advanced and guidance was revised. 31st July 2026 Knitting Industry Montreal, Quebec, Canada Gildan Activewear has reported second-quarter net sales from continuing operations of US$1.58 billion, an increase of 72.3% compared with the same period last year, as the company continued to integrate HanesBrands and capture planned cost synergies. For the quarter ended 28 June 2026, the vertically integrated apparel manufacturer recorded an operating margin of 11.1% and an adjusted operating margin of 22.3%. Diluted earnings per share from continuing operations were US$0.49, while adjusted diluted earnings per share reached US$1.28. Cash flow from operating activities totalled US$347 million, with free cash flow of US$326 million. Gildan said the vast majority of its synergy initiatives planned for 2026 have already been implemented. The company remains on course to realise approximately US$100 million in synergies this year and continues to target annual run-rate cost synergies of around US$250 million over the next three years. The group is also pursuing further savings beyond its original target as the HanesBrands integration progresses. "We delivered strong results this quarter as our teams continued to execute with discipline against our strategic priorities," said Glenn J. Chamandy, Gildan's President and chief executive officer. "We continue to make excellent progress integrating HanesBrands and capturing synergies, while leveraging the combined strength of our brands, manufacturing network and commercial capabilities, and investing strategically in innovation." Gildan expects to receive US$220 million in IEEPA tariff refunds through the US Customs and Border Protection refund process during 2026, with most anticipated in the third quarter. A significant proportion of the refunds represents a non-recurring benefit, which Gildan plans to invest in brand building, retail marketing programmes, product innovation and packaging improvements. The company also expects a recurring benefit following changes to US tariff policy. Tariffs no longer apply to apparel qualifying as originating under the Dominican Republic-Central America Free Trade Agreement, providing what Gildan described as a structural advantage. For the full year, revenue is now expected to be at the lower end of its previously announced US$6.0 billion to US$6.2 billion range. Adjusted operating margin is forecast at approximately 21.8%, while adjusted diluted earnings per share is expected to reach US$4.65 to US$4.75, representing year-on-year growth of between 32.5% and 35%. Free cash flow is forecast at approximately US$1 billion. Gildan has maintained its three-year objectives covering the 2026-2028 period. The company has also announced the sale of HanesBrands Australia at an enterprise valuation of approximately A$700 million, equivalent to around US$490 million. The transaction is expected to close during the second half of 2026. Proceeds will be used to reduce Gildan's outstanding debt and accelerate its return to the midpoint of its target leverage range of 1.5 to 2.5 times net debt to pro forma adjusted earnings before interest, tax, depreciation and amortisation. Twitter Facebook LinkedIn Email Business intelligence for the fibre, textiles and apparel industries: technologies, innovations, markets, investments, trade policy, sourcing, strategy...
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Industries
Company Size
10,001+
Company Stage
IPO
Headquarters
Montreal, Canada
Founded
1984
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