• Third quarter net sales from continuing operations of $1.47 billion, up 61.1% over the prior year.
• Operating margin of 24.1%, adjusted operating margin¹ of 27.0%.
• GAAP diluted earnings per share from continuing operations of $1.37 and adjusted diluted EPS¹ from continuing operations of $1.54, up 71.3% and 54.0%, respectively.
• Cash flow from operating activities of $633 million and free cash flow¹ of $606 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 by the end of 2028.
• Company announced the completion of the sale of HanesBrands Australia ("HAA") on October 26, 2026.
• Board of Directors approves a new normal course issuer bid ("NCIB") to repurchase up to 5% of issued and outstanding common shares.
• Company updates its full year 2026 guidance as detailed in the 2026 Outlook section: revenue expected to be in the range of $5.4 billion to $5.5 billion, adjusted operating margin¹ of approximately 20%, adjusted diluted EPS¹ in the range of $3.70 to $3.80 and free cash flow¹ to be $700 million to $750 million.
• Given the rapid change in macroeconomic conditions since the Company reported its second quarter results on July 30, 2026 and the resulting impact on demand, the Company believes it is prudent to withdraw its previously communicated objectives for the 2026–2028 period. The Company believes that the underlying strength and long-term prospects of the business remain strong and it expects to provide an updated long-term outlook at an Investor Day which it intends to hold in the spring of 2027.

Montreal, Thursday, November 5, 2026 – Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) today announced results for the third quarter ended September 27, 2026 and updated its full year 2026 guidance.

“Our results this quarter did not meet our expectations, reflecting a more subdued demand environment and near-term challenges in parts of our business across both Wholesale and Retail. The demand recovery we had anticipated has not materialized as expected, but our confidence in the underlying strength of the business and the long-term growth opportunity has not changed. We continued to make meaningful progress on the integration of HanesBrands and advance our synergy initiatives. In the current environment, our priorities remain clear: stay focused on what we can control, including leveraging the scale of our brands, our manufacturing network and our commercial capabilities, strengthen the foundations of our combined platform and continue to invest strategically in innovation and growth,” said Glenn J. Chamandy, Gildan’s President and CEO. "Gildan continues to generate strong free cash flow and remains committed to disciplined capital allocation, including returning capital in a way that maximizes long-term value for shareholders."

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