Gildan to scale Bangladesh operation as Q4 sales surge

Gildan's nett income came successful astatine $1,078.5m, up 31.3% twelvemonth implicit twelvemonth from $821.5m successful Q4 ended December 28 2025, excluding HanesBrands’ $217m publication from 1 to 28 December 2025; the integrated income maturation was 4.9% for the period.

Over the adjacent 18 months, Gildan plans to conception and make its 2nd textile installation wrong the Bangladesh analyzable (Phase 2). Initial accumulation astatine the installation is expected to commencement successful the second portion of 2027.

The institution believes the build-out of a 2nd installation successful Bangladesh, which remains cardinal to ringing spun and innerwear outgo leadership, should importantly heighten its positioning to enactment cardinal income maturation drivers.

The infrastructure is presently successful spot to enactment this expansion, with the required superior expenditure expected to stay wrong the company’s capex guidance.

In August, Gildan announced it was acquiring Hanesbrands to leverage its operational spot and heighten worth instauration portion positioning itself arsenic a “leader” successful the planetary basal apparel market.

The marque expects to unlock $250m (versus $200m primitively expected) of yearly run-rate outgo synergies implicit the adjacent 3 years, tied to its caller acquisition of HanesBrands.

Following the acquisition, the marque has initiated the merchantability process for HanesBrands' Australian concern and classified it arsenic discontinued operations, with nett income and diluted net per stock for 2026 expected to beryllium astir $675m and $0.21, respectively.

“2025 was different important twelvemonth for Gildan with respective highlights, including grounds gross from continuing operations of $3,619m, adjusted operating borderline of 21.5%, adjusted diluted EPS maturation of 17.0% versus past year, and the closing of the HanesBrands acquisition connected December 1. Our results underscore the awesome execution by our planetary squad whose absorption is present connected afloat capturing the worth of our expanded platform,” said Glenn J. Chamandy, president and CEO.

The institution generated operating income of $99m, oregon 9.2% of nett sales, compared to $179m oregon 21.8% of nett income successful the anterior year.

Gildan reported gross nett of $312m, oregon 28.9% of nett sales, versus $253m, oregon 30.8% of nett income past year.

Operating income slipped to $98.7m from $179m connected accrued restructuring costs portion nett income roseate 29.7% twelvemonth connected twelvemonth to 153.5.

Activewear income accrued 10.3% to $788m, reflecting the publication of HanesBrands, favourable premix and higher nett selling prices.

Solid income to North American distributors were complemented by continued maturation with National relationship customers, driven by our beardown wide competitory positioning, the publication from caller programmes and marketplace stock gains successful cardinal maturation categories.