Gildan Activewear (GIL) Q3 2026: sales miss and guidance cut
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Net Sales (Continuing Operations): $1.47 billion, up 61.1% YoY, below guidance of ~$1.65 billion; pro forma net sales were $1.61 billion. Wholesale Net Sales: $735 million, down 6.8% YoY and down 10.8% vs. prior-year pro forma of $823…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishSales below expectations and a guidance cut are relevant for Gildan's stock price.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Net sales from continuing operations were $1.47 billion, below guidance of about $1.65 billion.
- 02Wholesale net sales fell 6.8% year over year.
- 03Adjusted operating income rose to $396 million, with a 27% margin.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Gildan Activewear Inc.35.02 USDMarket closedtoday -19.07%Negative Gildan Activewear Inc.49.04 CADMarket closedtoday -18.86%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets