$GIL.TO

Stifel Canada Reviews Gildan Activewear's Q1 Results

Gildan Activewear (GIL.TO, GIL) reported a first-quarter earnings beat, notes Stifel Canada.Analyst Martin Landry, who is maintaining an US$80.00 price target and buy rating on the shares, notes management was confident during the earnings call, despite rising commodity costs, as a significant portion of the company's cotton and energy requirements has been hedged. In 2027, Gildan expects to be able to offset inflationary pressures with price increases given its leadership position in the wholesale channel and its lower cost structure than competitors, he adds.Point-of-sale data indicate that Gildan is continuing to gain market share, with growth rates outpacing the broader market in both retail and wholesale channels. The integration of Hanes' textile facilities also appears to be progressing well, as most of Hanes' volumes have already been transferred to Gildan's facilities."We make no changes to our forecasts, but our visibility has increased for 2026. We keep our target price at US$80, which represent an appealing 12-months upside of 29%." Gildan is also on Stifel's Select List.Price: $84.77, Change: $+0.47, Percent Change: +0.56%

Gildan Keeps Outperform, Target Up To C$101 From $100 at National Bank On Q1; "Quarter Slightly Ahead; Q2 Guidance Light, 2026 Outlook Maintained"

Gildan Activewear Up 1.4% in US Premarket On Q1 Beat; Maintains FY26 Guidance, 3-Yr Objectives

Gildan Activewear's (GIL.TO) was higher in U.S. premarket trade Thursday as first-quarter adjusted earnings declined even as net sales jumped, but both beat estimates, while the company maintained its full year 2026 guidance and its three-year objectives for the 2026-2028 period.Adjusted net earnings, stripped of most one-time items, declined 10.9% to US$80.1 million, or US$0.43 per share, from US$89.8 million, or US$0.59 per share, in the prior year period. The result beat the consensus analyst estimate of US$0.35 per share, according to FactSet.First quarter net sales from continuing operations jumped 63.8% to US$1.17 billion over the same period, beating the US$1.15 billion expected.The HanesBrands integration is progressing and is on track to generate US$100 million in synergies for 2026, the company said. It expects to realize US$250 million of annual run-rate cost synergies over the next three years.Gildan maintained its fiscal 2026 revenue expectations of US$6.0 billion to US$6.2 billion and adjusted diluted earnings per share of between US$4.20 to US$4.40. The company also maintained its three-year objectives for the 2026-2028 periodIt will pay a cash dividend of $0.249 per share on June 15, to shareholders of record on May 20."We are pleased with our first quarter performance, reflecting disciplined execution across the organization and continued progress against our strategic priorities. We advanced our integration initiatives as planned, with early actions reinforcing our operating model and strengthening our ability to drive efficiency and synergy capture. While the external environment remains uncertain, we are focused on what we can control -- driving operational excellence, advancing our integration of HanesBrands, maintaining cost discipline and consistent execution -- all supported by our low-cost vertically integrated platform and strong balance sheet, which position us well to deliver on our strategic and financial objectives," said Glenn Chamandy, chief executive.Gildan shares were last seen up US$0.73, to US$57.00 in U.S. pre-market trading.

Gildan Maintains Its FY26 Guidance and Maintains Its Three-year Objectives For 2026-2028 period

Gildan Adjusted Diluted EPS From Continuing Operations of US$0.43

Gildan Record Q1 Net Sales From Continuing Operations of US$1.17 billion up 63.8% YoY; Maintains its Full Year 2026 Guidance

Stifel Canada Previews Gildan Activewear's Q1

Stifel Canada is maintaining its first-quarter forecasts for Gildan Activewear (GIL.TO), which is scheduled to publish its fiscal first-quarter results on April 30th.Analyst Martin Landry is expecting earnings per share to fall 42% to $0.34, inline with consensus of $0.35. He is maintaining a buy rating and US$80.00 on the shares of the company.Landry noted that since Gildan introduced its 2026 guidance, several headwinds have emerged: cotton and polyester prices have risen significantly and may begin to weigh on Gildan's cost of goods sold in Q4/26. Energy and freight costs have also increased rapidly following outbreak of the war in Iran, creating further unexpected pressure on Gildan's cost structure."While we do not believe Gildan's 2026 financial guidance is at risk yet, it could come under pressure if elevated energy and commodity prices persist," he adds. However, Landry still sees value in Gildan's shares at current levels, which is down 9% in the last three months compared with the S&P/TSX Consumer Discretionary Index which is up 1.5% during the same period.Price: $83.19, Change: $+0.44, Percent Change: +0.53%

UBS Keeps Gildan Activewear's Buy Rating, US$110 Price Target

UBS on Friday maintained its buy rating on the shares of Gildan Activewear (GIL.TO, GIL) and its US$110 price target ahead of the company's first-quarter results.UBS said it expects Gildan to meet expectations, adding that the company is unlikely to change its 2026 guidance.As a result, UBS does not anticipate meaningful movement in Gildan's P/E ratio following the release of the company's first-quarter results scheduled on April 30.According to UBS, a potential upside risk is Gildan's potential announcement of the sale of HanesBrands Australia."While we doubt the Q1 earnings event will be a major catalyst, we remain bullish on GIL," UBS said."Our view is the market underestimates the positive accretion GIL will generate from the HBI deal. Furthermore, we believe the market is overestimating the negative impact on GIL's margins from the rise in oil and cotton prices," UBS added.Price: $81.52, Change: $+3.42, Percent Change: +4.38%