Gildan Cuts 2026 Outlook as Apparel Demand Recovery Stalls

In its November 5 results announcement, the company forecast 2026 revenue of $5.4 billion to $5.5 billion and adjusted diluted earnings per share of $3.70 to $3.80, both from continuing operations.

That reverses the confidence of its July update, when it expected revenue near the bottom of a $6.0 billion to $6.2 billion range and adjusted EPS of $4.65 to $4.75. It had also maintained its three-year objectives.

Hanes changes the sales comparison Third-quarter sales of $1.47 billion rose 61.1% year over year because of the HanesBrands acquisition. Against the combined businesses’ $1.61 billion pro-forma comparison, however, sales declined.

Wholesale fell 10.8% and Retail fell 7.0% on that pro-forma basis, according to the full earnings release. The quarterly shareholder report records the period ended September 27, 2026…