Gildan Activewear Issues Statement Regarding Recent Short Seller Report
Gildan Activewear (TSX, NYSE: GIL) acknowledged a short seller report released on June 16, 2026.
Rhea-AI Summary
Gildan Activewear (TSX, NYSE: GIL) acknowledged a short seller report released on June 16, 2026.
The Company stated it is confident its current disclosure, including financial information and governance practices, is accurate and comprehensive. Gildan also reiterated its fiscal 2026 guidance previously communicated on April 30, 2026 and does not plan further comment.
Positive
- Fiscal 2026 guidance reiterated as previously communicated on April 30, 2026
- Company expresses confidence in accuracy and completeness of its financial and governance disclosure
Negative
- Short seller report published on June 16, 2026 prompted company response
- Company does not intend to provide further comment at this time, limiting additional clarity for investors
Details
News Market Reaction – GIL
In the Jun 16 session, GIL declined 18.77%, reflecting a significant negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
Key Figures
- Institutional ownership
- 10,593,203 shares (5.7%)
- Janus Henderson Schedule 13G/A as of 03/31/2026
- Proposed insider sale
- 10,000 common shares
- Form 144 filed 05/06/2026
- Shares outstanding
- 185,180,953 shares
- Form 144 reference as of 05/06/2026
- Q1 2026 net sales
- $1.17 billion
- Q1 2026 6-K – net sales from continuing operations
- GAAP net loss
- $55.1 million
- Q1 2026 6-K – loss from continuing operations
- Net debt
- $4.87 billion
- Q1 2026 6-K – net debt level
- Net debt leverage
- 3.3x
- Q1 2026 6-K – leverage vs. 1.5–2.5x target range
- Free cash flow
- -$309.9 million
- Q1 2026 6-K – free cash flow
Historical Context
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2025 Sustainability Report showing progress on social and environmental targets.
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Strong approval of directors, rights plan renewal and Say on Pay vote.
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Record Q1 revenue, HanesBrands integration update and reiterated 2026 guidance.
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Announcement of timing and logistics for Q1 2026 earnings release and call.
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Planned participation in CIBC retail and consumer conference with investor meetings.
24h Move is the share-price change in the day after each event; other market factors may also have contributed.
Key Terms
short seller financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
MONTREAL, June 16, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is aware of a report published by a short seller on June 16, 2026. The Company is confident that its current disclosure provides its investors with accurate and comprehensive information regarding Gildan, including with respect to its financial information and governance practices.
The Company reiterates its fiscal 2026 guidance as communicated in its April 30, 2026 press release.
Gildan does not intend to provide any further comment at this time.
Forward-looking statements and information
Certain statements included in this press release constitute “forward-looking statements” and “forward-looking information” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations, and are subject to important risks, uncertainties, and assumptions. These forward-looking statements include, amongst others, information with respect to our fiscal 2026 financial outlook. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. We refer you to the Gildan’s public filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (the “SEC”), as well as the risks described under the “Financial risk management”, “Critical accounting estimates and judgments”, and “Risks and uncertainties” sections of our most recent management’s discussion and analysis for a discussion of the various factors that may affect Gildan’s future results, as well as the “2026 Outlook” section of our April 30, 2026 press release for material assumptions underlying the 2026 financial outlook.
About Gildan
Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO™, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S. and Canada and Polo Ralph Lauren® also under a licensing agreement.
Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Asia. Gildan integrates industry-leading labour, environmental, and governance practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy. More information about Gildan and its sustainability commitments and initiatives can be found at www.gildancorp.com.
| Investor inquiries: Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 jhayem@gildan.com | Media inquiries: Jonathan Binder Director, Corporate Communications (336) 519-6330 communications@gildan.com |
FAQ
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