• Second quarter net sales from continuing operations of $1.58 billion up 72.3% over the prior year.
• Operating margin of 11.1%, adjusted operating margin¹ of 22.3%.
• GAAP diluted earnings per share from continuing operations of $0.49 and adjusted diluted EPS¹ from continuing operations of $1.28.
• Cash flow from operating activities of $347 million and free cash flow¹ of $326 million.
• Integration initiatives progressing as expected with the vast majority of synergy-capture initiatives planned for 2026 already implemented; Company well on pace to realize approximately $100 million in synergies in 2026 and continues to expect approximately $250 million of annual run-rate cost synergies over the next three years; we continue to pursue additional synergy-capture opportunities beyond our synergy target, as the integration progresses.
• Company expects to receive $220 million in IEEPA tariff refunds under U.S. Customs and Border Protection's (CBP) refund process in 2026, with most of the refunds anticipated to be recorded during the third quarter. A significant portion of the tariff refunds represent a non-recurring benefit. This portion will be reinvested into new incremental strategic growth initiatives in 2026, including investments in brand building, retail marketing programs and accelerating product innovation and packaging enhancements. Additionally, a sizeable portion of the refunds reflects a recurring benefit because following recent changes to the U.S. tariff policy, tariffs ceased to apply on apparel qualifying as originating under CAFTA-DR, representing a structural benefit for the Company going forward. The impact of this recurring structural benefit is reflected in the Company’s updated financial guidance.
• Company updates its full year 2026 guidance as detailed in the 2026 Outlook section: revenue expected to be at the low end of the previously communicated range of $6.0 billion to $6.2 billion, adjusted operating margin¹ of approximately 21.8%, adjusted diluted EPS¹ in the range of $4.65 to $4.75, an increase of approximately 32.5% to 35% year over year, and free cash flow¹ to be approximately $1.0 billion. Three-year objectives for the 2026–2028 period are maintained.
• The updated 2026 outlook reflects the underlying earnings power of the combined business as we exit 2026, providing a strong foundation for further earnings growth in 2027.
• Company announces sale of HanesBrands Australia (HAA) for an enterprise valuation of approximately $700 million Australian dollars (or approximately $490 million); transaction expected to close in the second half of 2026. The proceeds will be used to pay down a portion of the Company’s outstanding debt, further accelerating a return to the midpoint of its target leverage framework of 1.5x to 2.5x net debt to proforma adjusted EBITDA ratio¹.

Montreal, Thursday, July 30, 2026 – Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced results for the second quarter ended June 28, 2026, and updated its full year 2026 guidance.

“We delivered strong results this quarter as our teams continued to execute with discipline against our strategic priorities. We continue to make excellent progress integrating HanesBrands and capturing synergies, while leveraging the combined strength of our brands, manufacturing network, and commercial capabilities, and investing strategically in innovation. While we remain mindful of the external environment and given the strength of our business fundamentals and the momentum we are building, our focus could not be clearer: control what we can control, execute our strategy, capture the significant opportunities ahead and drive profitable growth and long-term shareholder value,” said Glenn J. Chamandy, Gildan’s President and CEO.

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