• Net sales of $712 million, up 2.3% vs. the prior year
• Operating margin of 18.2%, adjusted operating margin¹ of 19.0%
• GAAP diluted EPS of $0.56 and adjusted diluted EPS¹ of $0.59
• Capital returned to shareholders of $62 million through share repurchases 
• Company maintains its full year 2025 guidance, including the impact of tariffs 

Montreal, Tuesday, April 29, 2025 – Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the first quarter ended March 30, 2025 and maintained its 2025 guidance.

"Despite the current challenging macroeconomic environment, our focus on our Gildan Sustainable Growth (GSG) strategy continues to drive results, underscored by our performance in the first quarter, including strong net sales growth of 9% in Activewear. Through the continued successful execution of our three strategic pillars— capacity expansion, innovation and ESG —we are not only further strengthening our competitive position but also driving top line growth and enhancing profitability. Our solid foundation, underpinned by our vertically integrated business model, and our operational and financial discipline, provide us with agility to navigate the current uncertain environment. We remain deeply committed to delivering long-term value for our stakeholders and to diligently executing on the opportunities that lie ahead" said Glenn J. Chamandy, Gildan’s President and CEO.

Read the full press release by clicking here.