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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.

News
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Former President and CEO Glenn J. Chamandy of Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) refutes media reports about giving an ultimatum to Gildan's board regarding strategy or acquisitions. He emphasizes the importance of a successful leadership transition while preserving the company's talent, culture, and expertise, considering shareholder engagement integral to the decision-making process.
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Gildan Activewear Inc. (GIL: TSX and NYSE) announced a support agreement with Coliseum Capital Management, LLC, which will support Gildan’s full slate of Board nominees at the 2024 and 2025 Annual Meetings of Shareholders. Coliseum intends to make an additional investment in Gildan through market purchases during insider open window periods. Chris Shackelton, a Co-Founder and Managing Partner of Coliseum, has been invited to join Gildan’s Board of Directors and has been appointed effective today.
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Browning West LP, which beneficially owns approximately 3.9% of the outstanding shares of Gildan Activewear Inc. (NYSE: GIL) (TSX: GIL), criticizes the Board's CEO succession and judgment, outlines deficiencies in the CEO search criteria, and calls for the reinstatement of Glenn Chamandy as CEO.
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Gildan Activewear Inc. (TSX: GIL) (NYSE: GIL) CEO Glenn J. Chamandy terminated without cause after 40 years of service. Chamandy expresses pride in the company's success and gratitude to employees, shareholders, and customers.
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Gildan Activewear Inc. (GIL: TSX and NYSE) announced the appointment of Vince Tyra as President and CEO effective February 12, 2024. Craig A. Leavitt will serve as Interim President and CEO until then. The company remains focused on its Gildan Sustainable Growth strategy and its three key pillars: Innovation, Capacity-driven growth, and ESG.
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Gildan Activewear Inc. reported net sales of $870 million for Q3 2023, a 2% increase from the previous year. The company achieved an operating margin of 17.8% and a GAAP diluted EPS of $0.73. Cash flow from operations was $305 million, and free cash flow was $265 million. Gildan Activewear updated its fiscal 2023 guidance to the lower end of the previously provided revenue and EPS ranges.
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Gildan Activewear prioritizes the health and safety of its employees through its expanded ergonomics program. The program includes training, ergonomic pauses, and specialized care clinics to prevent and address ergonomic risks. Gildan plans to develop new Global Ergonomic Guidelines and achieve ISO 45001 certification by 2028.
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Gildan Activewear Inc. to report 2023 third quarter results on November 2, 2023
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Gildan partners with the South Carolina Aquarium to support education and impact programs for Charleston youth and employees
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Gildan rolls out digital grievance app to all factory workers in Honduras, enhancing communication channels and employee participation.
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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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Montreal