Gildan Activewear is set to merge with HanesBrands to create a global leader in basic apparel, following record financial results and growth projections.

Information on the Target

Gildan Activewear Inc. (TSX and NYSE: GIL) is a leading apparel manufacturer based in Montreal, specializing in the production of activewear and socks. In its latest financial report for the third quarter ending September 28, 2025, the company announced impressive net sales of $911 million, marking a significant growth trajectory while achieving a record diluted earnings per share (EPS) of $1.00. This performance underscores Gildan's commitment to not only maintaining but also enhancing its market position through sustainable growth strategies.

The company has made strategic moves including a proposed merger with HanesBrands, aimed at creating a global leader in the basic apparel market. With an operational margin of 21.1% and an adjusted operational margin reaching 23.2%, Gildan is positioned to leverage its industry advantages and enhance its production efficiencies once the acquisition is completed by the end of 2025 or early 2026.

Industry Overview

The apparel industry in Canada, particularly in the activewear segment, has been experiencing robust growth driven by increasing consumer demand for athleisure and sports apparel. This trend is fueled by a growing awareness of healt