A maker of everyday basics, Gildan produces T-shirts, sweatshirts, and socks sold under its own brands like American Apparel and GOLDTOE, and supplies blank apparel used by screen printers worldwide. It grew out of a Montreal children's-wear business when brothers Glenn and Greg Chamandy bought a knitting mill in 1984. The name Gildan combines the first names of two of the company's salesmen, Gilbert and Danny.
Gildan Activewear adds three Hanesbrands entities as guarantors to its $1.2B notes indentures
On August 13, 2026, Gildan Activewear Inc. executed a Third Supplemental Indenture adding HBI Branded Apparel Enterprises, LLC, Hanes Jiboa Holdings LLC, and Hanesbrands El Salvador, Ltda. de C.V. as new guarantors.
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The new guarantors provide a senior, joint and several, unconditional guarantee of Gildan's $600 million 4.700% Notes due 2030 and $600 million 5.400% Notes due 2035.
The supplemental indenture was entered into with U.S. Bank Trust Company, National Association, as trustee, and is governed by New York law.
The guarantee is required under Section 5.6 of the First Supplemental Indenture, which mandates that each new guarantor execute a supplemental indenture to guarantee the notes.
Gildan reports record Q1 2026 revenue of $1.17B, up 63.8%, maintains full-year guidance
First quarter net sales from continuing operations were $1.17 billion, up 63.8% year-over-year, driven by the HanesBrands acquisition.
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GAAP diluted loss per share from continuing operations was $0.30, while adjusted diluted EPS was $0.43, down 27.1% from $0.59 in the prior year.
Adjusted operating margin was 14.3%, ahead of guidance of approximately 12.9%.
The company maintains its full-year 2026 guidance: revenue of $6.0-$6.2 billion, adjusted diluted EPS of $4.20-$4.40, and free cash flow above $850 million.
The Board declared a quarterly cash dividend of $0.249 per share, payable June 15, 2026, to shareholders of record on May 20, 2026.
Gildan Activewear files proxy materials for April 30, 2026 annual and special meeting of shareholders.
The annual and special meeting of shareholders will be held on April 30, 2026 at 2:00 p.m. EDT in a hybrid format (in-person in Montreal or virtual via webcast).
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Gildan Activewear Inc. filed its management proxy circular, notice of meeting, form of proxy, and 2025 annual report with the SEC on March 25, 2026.
Shareholders of record as of March 17, 2026 are entitled to vote on: election of nine directors, appointment of KPMG as auditor, renewal of the shareholder rights plan, and an advisory vote on executive compensation.
Rhodri J. Harries retired as EVP, Chief Financial and Administrative Officer on January 1, 2026, after nearly 10 years in the role.
The board adopted a new shareholder rights plan on February 25, 2026, to replace the current plan expiring at the conclusion of the 2026 meeting.