Gildan (GIL) Q2 2026: EPS Beats by 14%, Sales Surge 72% Year-Over-Year
As seen on the 24/7 Wall St. homepage on July 30, 2026.
Gildan crushed earnings estimates with adjusted EPS of $1.28, besting consensus by 14%, while revenue fell slightly short amid customer inventory destocking tied to the HanesBrands integration. The $1.58 billion in sales still rocketed 72% year-over-year, and the company lifted full-year EPS guidance to $4.65 to $4.75 on track synergies and expects $220 million in tariff refunds this year.
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Gildan Activewear posted adjusted earnings per share of $1.28 for Q2 2026, clearing the consensus estimate of $1.12 by roughly 14%. That result extends a recent pattern of positive EPS surprises — the company also beat in Q1 2026 and both quarters of calendar 2025 — though it sharply contrasts with Q4 2025 and Q4 2024, when reported EPS fell well below expectations.
Revenue came in at $1.58 billion, a 72% jump year-over-year, though it landed about 2% below the $1.61 billion analysts had expected. Management attributed the shortfall to customer inventory destocking connected to the HanesBrands integration, signaling that the acquisition is still working through the supply chain rather than pointing to any broader demand weakness.
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Despite the top-line miss, Gildan raised its full-year EPS guidance to a range of $4.65 to $4.75, citing on-track integration synergies. The company also flagged an expected $220 million in tariff refunds for the year, a meaningful cash tailwind investors will want to track as the HanesBrands combination matures.
Mentioned: GIL