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Gildan Activewear Inc - GIL STOCK NEWS

Welcome to our dedicated news page for Gildan Activewear (Ticker: GIL), a resource for investors and traders seeking the latest updates and insights on Gildan Activewear.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Gildan Activewear's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Gildan Activewear's position in the market.

News
Gildan Activewear Files Proxy Circular and Board of Directors Issues Letter to Shareholders
Rhea-AI Summary

Gildan Activewear Inc. has filed its management proxy circular for its 2024 Annual Meeting of Shareholders, to be held on May 28, 2024, urging shareholders to vote for the recommended slate of director candidates. The company also announced the launch of its 2024 Annual Meeting website and a letter to shareholders from the Board of Directors.

The Board recommends voting on the BLUE proxy card “FOR” ALL of Gildan’s qualified director nominees and for the elections of Karen Stuckey and J.P. Towner, who have been nominated by a shareholder, Browning West. The recommended slate of Director candidates for the 2024 Annual Meeting includes Tim Hodgson, Lee Bird, Dhaval Buch, Marc Caira, Jane Craighead, Sharon Driscoll, Lynn Loewen, Anne Martin-Vachon, Vincent (Vince) J. Tyra, Les Viner, Karen Stuckey, and J.P. Towner. The Board is confident with the new Board members who bring value and expertise in driving Gildan forward and has outlined strategic priorities aimed at delivering shareholder value. The Board also addressed the CEO succession and emphasized the need for a fresh perspective to ensure Gildan continues to serve its oversight function on behalf of all shareholders.

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World Day for Safety and Health: A Look Into Gildan
Rhea-AI Summary

Gildan Activewear, a global company with 45,000 employees, prioritizes workplace safety and employee well-being through various initiatives like healthcare support and mental health services. In a recent interview, company executives shared insights on their commitment to safety and health.

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0.66%
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Browning West and Glenn Chamandy Comment on Gildan Activewear’s Defensive and Reactionary Board Refreshment
Rhea-AI Summary
Browning West and Glenn Chamandy criticize Gildan Activewear's defensive board refreshment, emphasizing failures, and the need to reinstate Glenn as CEO for shareholder returns. Browning West seeks to elect a new slate of directors to the Board.
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2.38%
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Gildan Activewear Announces Board Refreshment to Support CEO Vince Tyra and Gildan’s Next Phase of Sustainable Growth
Rhea-AI Summary
Gildan Activewear announced a strategic board refreshment to support CEO Vince Tyra and drive sustainable growth. The new board members bring diverse expertise and experience to guide the company's next phase of expansion. The Board recommends the election of Browning West nominees Karen Stuckey and J.P. Towner, highlighting a thorough selection process and shareholder engagement. The company remains focused on maximizing shareholder value and pursuing growth opportunities.
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-0.88%
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Gildan Activewear Announces Date for First Quarter 2024 Earnings Release
Rhea-AI Summary
Gildan Activewear Inc. will release its first quarter 2024 earnings on May 1st, 2024, followed by a conference call to discuss the results. Investors can access the call via phone or webcast.
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End-of-Day
-0.26%
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Browning West Cautions Shareholders Regarding Gildan Activewear’s Risky Path Forward Under CEO Vince Tyra
Rhea-AI Summary
Browning West cautions shareholders about Gildan Activewear's risky path forward under CEO Vince Tyra. Mr. Tyra's attempt to emulate former CEO Glenn Chamandy's strategy is deemed risky due to his track record of value destruction. The company faces underwhelming margin guidance, speculative spending, weak capital allocation, and lacks long-term earnings per share or stock price targets.
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End-of-Day
1.81%
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Gildan Activewear CEO Vince Tyra provides key focus strategic priorities
Rhea-AI Summary
Gildan Activewear CEO Vince Tyra outlines key focus strategic priorities, reconfirms 2024 guidance, and announces Q1 revenue. The company plans to host an Investor Day in Fall 2024 to present a comprehensive strategic plan. Tyra emphasizes executing supply chain initiatives, leveraging unique brands, deepening retail partnerships, expanding into international markets, and developing talent. Gildan aims for mid-single digits net sales growth, 18-21% annual adjusted operating margin, and capex as a percentage of sales over the 2025-2028 period.
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1.81%
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Gildan Donates Surgical Equipment to Mario Catarino Rivas Hospital
Rhea-AI Summary
Gildan donates advanced surgical equipment worth over $230,000 to Mario Catarino Rivas hospital in Honduras, benefiting children in need of surgery. The donation aims to reduce the hospital's backlog by 50% and improve pediatric surgical capabilities. Gildan's commitment to supporting healthcare for vulnerable populations is part of its Next Generation ESG strategy.
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1.51%
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Gildan Activewear Announces Investor Update on April 15, 2024
Rhea-AI Summary
Gildan Activewear Inc. announces President and CEO, Vince Tyra, will provide an Investor Update in a webcast event on April 15, 2024, marking his first 90 days at the company. The event will offer insights into Gildan's performance under his leadership.
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End-of-Day
1.51%
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Gildan's Sign Language Training Program: Encouraging Inclusive Communications in the Dominican Republic
Rhea-AI Summary
Gildan's Spanish sign language training program in the Dominican Republic has evolved into a key component of the Company's annual training plan, promoting inclusivity and communication among employees. The program, developed in collaboration with sign language experts, has impacted over 30 employees across various operations. Gildan's commitment to diversity and inclusion is further highlighted by its receipt of the Gold Gender Equality Seal for addressing gender gaps in the workplace.
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-1.46%
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Stock GIL logo
Gildan Activewear Inc

NYSE:GIL

GIL Rankings

#1103 Ranked by Market Cap
#2934 Ranked by Stock Gains
#1308 Ranked by Dividends

GIL Stock Data

6.04B
149.16M
2.03%
89.79%
0.77%
Hosiery and Sock Mills
Manufacturing
Link
Canada
Montreal

About GIL

gildan is a leading supplier of quality branded basic family apparel, including t-shirts, fleece, sport shirts, underwear, socks, hosiery, and shapewear. the company sells its products under a diversified portfolio of company-owned brands, including the gildan®, gold toe®, anvil® and comfort colors® brands and brand extensions, as well as the secret®, silks® and therapy plus™ brands. the company also has the u.s. sock license for under armour®, and licenses for the mossy oak® and new balance® brands. the company distributes its products in printwear markets in the u.s. and canada, as well as in europe, asia-pacific and latin america. the company also markets its products to a broad spectrum of retailers primarily in the u.s. and canada. the company also manufactures for select leading global athletic and lifestyle consumer brands. gildan owns and operates vertically-integrated, large-scale manufacturing facilities which are primarily located in central america and the caribbean basin