Gildan Activewear’s net sales in Q3 ending 28 September 2025 was $911m, which was 2.2% higher than the same period last year and in line with previous guidance for the quarter of low single-digit growth.
Its operating income was $192.1m compared to $192.9m in Q3 2024, which was a decline of 0.4%, while its net profit was $120.2m in Q3 2025 compared to $131.5m in Q3 2024 ( a decline of 8.6%).
Gildan’s president and CEO Glenn Chamandy said: “We were pleased with this quarter’s results as we continue to drive profitable growth, supported by strong net sales growth of 5.4% in Activewear which allowed us to deliver record adjusted diluted EPS. Our record-setting third quarter results once again showcase the effectiveness of the Gildan Sustainable Growth (GSG) strategy to drive strong financial performance, and we’re excited about the next phase of our growth journey.”
Chamandy believes Gildan’s Q3 results highlight the company’s keen focus on execution, combined with its low-cost vertically integrated business model and said this will “be further enhanced by the added capabilities and reach introduced through the HanesBrands acquisition, which is expected to close later this year or early in 2026.”
Gildan’s activewear sales of $831m were up 5.4% and this was driven by a favourable product mix and higher net prices.
Hosiery and underwear sales were $80m, which was a drop of 22.1% versus the prior year. The year-over-year drop in sales was mainly owing to lower sales volumes, reflecting, as expected, a timing shift of shipments into Q4, and, to a lesser extent, unfavourable mix, as the category experienced continued broader market weakness during the quarter.
International sales were $60m versus $64m last year, which was a decrease of 6.1% year over year, primarily due to ongoing demand softness across markets.
Gildan said it delivered a “strong quarter” despite the fluid macroeconomic environment and a generally softer demand environment, which it believes is a testament to the company’s continued commitment to its Gildan Sustainable Growth strategy.
For 2025, Gildan is keeping its revenue growth for the full year in line with previous guidance of being up mid-single digits.
The full year adjusted operating margin is up approximately 70 basis points compared to the previous guidance of up approximately 50 basis points.
