• Net sales of $696 million
• Operating margin of 15.1%, adjusted operating margin¹ of 18.0%
• GAAP diluted EPS of $0.47 down 13% and adjusted diluted EPS¹ of $0.59 up 31%
• Capital returned to shareholders of $57 million during the quarter
• Full year 2024 guidance reconfirmed 

Montreal, Wednesday, May 1, 2024 – Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended March 31, 2024. Fiscal 2024 guidance was reconfirmed as communicated on April 15, 2024.

"Our solid first quarter performance highlights the strength of our business model and our strong focus on executing on our priorities. The quarter included several bright spots, including continued market momentum in ring spun and fleece products. I'm pleased with our competitive positioning and our execution which drove significant year over year improvement in our key financial metrics. Our key focus strategic priorities are clear and we are off to a good start to the year.” said Vince Tyra, Gildan’s President and CEO. 

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