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Gildan Activewr - GIL STOCK NEWS

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About Gildan Activewear Inc. (GIL)

Gildan Activewear Inc. (NYSE: GIL, TSX: GIL) is a prominent manufacturer and supplier of everyday basic apparel, including activewear, underwear, socks, and hosiery. With a vertically integrated manufacturing model, Gildan controls every stage of production, from raw materials to finished goods, ensuring cost efficiency, quality, and sustainability. The company's operations span Central America, the Caribbean, North America, and Bangladesh, enabling it to serve global markets effectively.

Core Business and Product Portfolio

Gildan markets its products under a diversified portfolio of well-known brands, including Gildan®, Comfort Colors®, American Apparel®, GOLDTOE®, and Peds®. It also holds exclusive licensing agreements, such as the printwear channel for Champion®. The company’s primary markets include printwear (serving wholesale distributors, screen printers, and embellishers) and retail (serving brick-and-mortar and e-commerce channels). This dual-market approach allows Gildan to diversify its revenue streams and mitigate risks associated with market-specific fluctuations.

Manufacturing and Operational Excellence

Gildan's vertically integrated manufacturing facilities are a cornerstone of its competitive advantage. By owning and operating large-scale facilities, the company achieves cost efficiencies, consistent quality, and supply chain control. Its strategic locations in Central America, the Caribbean, and Bangladesh provide access to skilled labor and proximity to key markets, reducing lead times and logistics costs. The company is also a significant consumer of U.S. cotton, leveraging its scale to secure raw materials competitively.

Sustainability and ESG Commitments

Gildan is deeply committed to environmental, social, and governance (ESG) principles, embedding sustainability into its long-term strategy. The company’s initiatives include reducing its environmental footprint, promoting worker safety and well-being, and supporting local communities through programs like reforestation and education. Gildan has been recognized for its ESG efforts, including inclusion in the Dow Jones Sustainability North America Index and the Sustainability Yearbook.

Innovation and Market Differentiation

Gildan continually invests in innovation to meet evolving consumer needs. Recent product introductions, such as those featuring soft cotton technology, demonstrate the company’s focus on enhancing product quality and customer satisfaction. This commitment to innovation, combined with its vertically integrated model, positions Gildan as a preferred partner for wholesale and retail customers alike.

Competitive Landscape and Growth Strategy

Operating in the highly competitive apparel industry, Gildan differentiates itself through its cost-efficient manufacturing, diversified product offerings, and commitment to sustainability. The company’s Gildan Sustainable Growth (GSG) strategy focuses on capacity-driven growth, product innovation, and ESG leadership. By leveraging these strengths, Gildan continues to capture market share in key categories and expand its global footprint.

Conclusion

Gildan Activewear Inc. is a global leader in the basic apparel industry, known for its vertically integrated operations, diversified brands, and commitment to sustainability. With a strong foundation and strategic focus, the company is well-positioned to navigate industry challenges and capitalize on growth opportunities in both printwear and retail markets.

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Gildan Activewear Inc. responds to acquisition interest by forming a Special Committee to explore potential transactions with other bidders, aiming to maximize shareholder value.
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Browning West, LP, a significant shareholder of Gildan Activewear Inc., criticizes the Company's actions in leaking a regulatory letter to a Canadian news outlet. Browning West urges the Board to collaborate on appointing independent directors, highlighting shareholder dissatisfaction with the current Board. The PR emphasizes the Board's alleged failures and tactics to divert attention from its shortcomings.
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The press release highlights concerns regarding the Board's oversight of Mr. Tyra, potential conflicts, and risks for Gildan. It also criticizes the Board's PR efforts and attempts to deflect blame onto Browning West and shareholders.
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Browning West, a long-term shareholder of Gildan Activewear Inc. (GIL), has filed a lawsuit against Gildan and its Board of Directors to ensure shareholder rights are preserved for the upcoming Annual Meeting. The lawsuit alleges oppressive actions by the Board, seeking to delay the meeting and preserve their positions. Browning West requests the Quebec Court to compel Gildan to conduct the meeting without delay and with an independent chair overseeing the process. The lawsuit accuses the Board of disregarding shareholder interests, leaking confidential information, improper proxy solicitation, unwarranted attacks on dissenting shareholders, and questionable decisions regarding company leadership.
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Gildan Activewear Inc. (GIL) reported strong Q4 results with net sales of $783 million, up 9% YoY, and operating margins of 22.8%. Adjusted EPS increased by 15% to $0.75. The company generated cash flow of $239 million in Q4 and $547 million for the full year. Gildan returned $492 million to shareholders in 2023 through dividends and share repurchases. The company announced a 10% dividend increase for 2024 and initiated annual guidance for the year.
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Gildan Activewear announces a $250,000 donation to World Vision Honduras for the Childhood Education and Transformation program. The 11-year partnership focuses on sustainable development, enhancing children's skills, and environmental responsibility. Phase IV of the program will train over 300 educators and impact 10,000 children directly, with an indirect reach of over 300,000 children across 400 schools. Gildan's total donation to World Vision Honduras exceeds $700,000, benefiting more than 351,000 children.
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Gildan Activewear Inc. has been recognized by CDP and S&P Global for its sustainable practices in 2023. Gildan received an A- for its climate change disclosure, placing it in CDP's Leadership band. The company was included in the Sustainability Yearbook 2024 by S&P Global, being one of six companies in the Textiles, Apparel, and Luxury Goods industry sector. Gildan's ESG efforts and Next Generation ESG strategy have been acknowledged by these prestigious organizations.
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Browning West, LP, a long-term shareholder of Gildan Activewear Inc., urges the company's Board of Directors to address apparent diligence failures in the appointment process of Vincent Tyra as CEO. Despite thorough research revealing a track record of value destruction, the Board's inability to address concerns regarding poor financial results at previous companies led to more questions than answers.
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Gildan Activewear Inc. will report its 2023 fourth quarter and full year results on February 21st, 2024. The Company will issue a press release before markets open and hold a conference call at 8:30 AM ET on the same day to discuss the results. The call can be accessed by dialing (800) 715-9871 (Canada & U.S.) or (646) 307-1963 (international) with passcode 8434821#. A replay will be available for 7 days starting at 12:30 PM ET. A live audio webcast and replay will be available at the link Gildan Q4 2023 audio webcast.
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Gildan Activewear's proprietary dyeing process, Pigment Pure™, was showcased at the Impressions Expo, aiming to reduce water and energy use in apparel manufacturing. Kevin Freeman and Maria Frohmader provided insights into the innovative solution.
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FAQ

What is the current stock price of Gildan Activewr (GIL)?

The current stock price of Gildan Activewr (GIL) is $52.92 as of March 3, 2025.

What is the market cap of Gildan Activewr (GIL)?

The market cap of Gildan Activewr (GIL) is approximately 9.1B.

What does Gildan Activewear Inc. manufacture?

Gildan manufactures basic apparel, including activewear, underwear, socks, and hosiery, under brands like Gildan®, Comfort Colors®, and American Apparel®.

What is Gildan's business model?

Gildan operates a vertically integrated manufacturing model, controlling every stage of production to ensure cost efficiency, quality, and sustainability.

What markets does Gildan serve?

Gildan serves printwear markets (wholesale distributors, screen printers) and retail channels (brick-and-mortar and e-commerce), offering diversified revenue streams.

Where are Gildan's manufacturing facilities located?

Gildan's facilities are located in Central America, the Caribbean, North America, and Bangladesh, strategically positioned for global market access.

What sustainability initiatives does Gildan pursue?

Gildan focuses on reducing its environmental footprint, ensuring worker safety, and supporting local communities through programs like reforestation and education.

What brands does Gildan own?

Gildan owns brands like Gildan®, Comfort Colors®, American Apparel®, GOLDTOE®, and Peds®, and holds licensing agreements for brands like Champion®.

How does Gildan compete in the apparel industry?

Gildan differentiates itself through cost-efficient vertically integrated manufacturing, diversified product offerings, and a strong focus on sustainability and innovation.

What is the Gildan Sustainable Growth (GSG) strategy?

The GSG strategy focuses on capacity-driven growth, product innovation, and ESG leadership to strengthen Gildan's competitive position and drive long-term value.

How does Gildan support its ESG commitments?

Gildan integrates ESG principles into its operations, focusing on environmental sustainability, worker well-being, and community engagement.

What are Gildan's key growth areas?

Gildan focuses on expanding its market share in activewear and hosiery, leveraging innovation and sustainability to meet customer demands.
Gildan Activewr

NYSE:GIL

GIL Rankings

GIL Stock Data

9.13B
147.25M
2.38%
85.5%
1.01%
Apparel Manufacturing
Consumer Cyclical
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Canada
Montreal