July 31, 2025 – Gildan Activewear Inc. (TSX and NYSE: GIL) announced record results for the second quarter of 2025, with net sales reaching $919 million, up 6.5% year-over-year. The company also posted a record adjusted diluted EPS of $0.97, driven by 12% growth in Activewear sales and solid gross margins. brbr
Key Q2 Highlights: brbr
• Operating margin: 21.7% (adjusted: 22.7%)
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• Cash flow from operations: $188 million
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• Free cash flow: $154 million
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• $145 million returned to shareholders through buybacks and dividends
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Activewear performance was fueled by volume gains and positive product mix—particularly Gildan’s new Soft Cotton Technology. Despite softness in international markets and a 23% drop in Hosiery and Underwear sales, Gildan maintained strong profitability thanks to cost efficiencies and its vertically integrated model. brbr
Year-to-date Results: Gildan has generated $1.63 billion in sales, up 4.6% from 2024, with earnings per share significantly ahead of last year. The company also reaffirmed its full-year 2025 guidance, including the impact of tariffs, while narrowing its adjusted EPS forecast.
Gildan was once again recognized among Canada’s Best 50 Corporate Citizens by Corporate Knights and included on TIME’s World’s Most Sustainable Companies list, reflecting its continued leadership in responsible manufacturing.