• Net sales of $862 million
• Operating margin of 16.4%, adjusted operating margin¹ of 22.7%
• GAAP diluted EPS of $0.35 and adjusted diluted EPS¹ of $0.74
• Cash flow from operations of $140 million and free cash flow¹ of $104 million
• Capital returned to shareholders of $182 million during the quarter through dividends and share repurchases
• Company announces a Normal Course Issuer Bid to repurchase up to 10% of the Company's public float
• Company reconfirms its full year 2024 guidance and provides three-year outlook
• Gildan recognized as one of the Best 50 Corporate Citizens in Canada by Corporate Knights and is included in the inaugural edition of TIME’s World's Most Sustainable Companies

Montreal, Thursday, August 1, 2024 – Gildan Activewear Inc. (GIL: TSX and NYSE) today announced results for the second quarter ended June 30, 2024. The Company also reconfirmed its Fiscal 2024 guidance.

"I am proud of the Gildan team's ongoing dedication, delivering a solid top line performance in the second quarter with strong adjusted operating margin1 and double-digit adjusted diluted EPS1 growth. Further, I am excited to be back leading the Company as we continue to focus on our Gildan Sustainable Growth Strategy (GSG) and celebrate a significant milestone with our Company's 40th anniversary this year. This is a period of significant opportunity in our industry, and we believe that Gildan's competitive position has never been stronger" said Glenn J. Chamandy, Gildan’s President and CEO. Gildan’s Chairman of the Board, Michael Kneeland, added "Gildan's new directors bring a wealth of expertise and fresh perspectives, and the Board is excited about supporting the Company in this next chapter, working closely with Glenn and the senior team and all stakeholders. Together, we look forward to achieving great success".

Read the full press release here.