Latest news with #GildanActivewear
Globe and Mail
20-05-2025
- Business
- Globe and Mail
Gildan Publishes its 2024 ESG Report Highlighting Advancements towards its 2030 ESG Targets
MONTREAL, May 20, 2025 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) ('Gildan' or 'the Company') is pleased to announce the publication of its 21 st Environmental, Social, and Governance (ESG) Report, outlining the Company's continued progress against the ten targets of its Next Generation ESG strategy. 'Over the years, ESG, which is one of three pillars of our Gildan Sustainable Growth (GSG) strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovative business solutions and our ability to meet changing customer and consumer needs,' says Glenn Chamandy, President and CEO of Gildan. 'Just as importantly, it has also helped us to attract and retain an engaged, experienced, and highly skilled workforce, and maintain the trust and support of the communities in which we operate. Together with our ~50,000 employees, we are committed to continue making apparel with respect.' In 2024, Gildan achieved notable advancements towards its Next Generation ESG targets as the Company: Reduced water intensity at its operated manufacturing facilities by 25.2% per kilogram produced (compared to a 2018 baseline) by leveraging innovative technologies and proprietary processes Increased the amount of sustainable 1 cotton sourced from 35.7% in 2023 to 77.3% in 2024 Doubled the percentage of recycled polyester or alternative fibre and/or yarns sourced from 2023 to 2024 Achieved ISO 45001 certification in two additional facilities in 2024, bringing the total number of certified facilities to five Gildan also continued to be recognized for its ESG practices. The Company was: Included on the Dow Jones Best-in-Class North America Index (formerly the Dow Jones Sustainability™ North America Index), marking the Company's 12 th consecutive year of inclusion in this index Included in the 2025 Sustainability Yearbook by S&P Global for the 13 th consecutive year Included in CDP's Leadership Band in 2025 for our 2024 climate change disclosure – marking the fifth time that Gildan has achieved this recognition Named in the inaugural edition of TIME's World Most Sustainable Companies Recognized as one of Canada's Best 50 Corporate Citizens by Corporate Knights for the third consecutive year The full 2024 ESG Report and supporting indices and documents can be found here. To further enhance transparency and streamline reporting, we have included information about the Company's approach to key ESG topics on our corporate website. 1. We consider the following types of cotton to be sustainable: sustainable cotton provided through third-party verified programs that support environmental and/or social sustainability improvements and/or outcomes. Sustainable cotton from third-party verified programs includes, for example, verified U.S.-grown cotton (USCTP), Better Cotton (formerly BCI), organic cotton, recycled or regenerative cotton, and fair-trade cotton. About Gildan Gildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, and Peds®, and under an exclusive licensing agreement for the printwear channel for Champion®. Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at
Associated Press
20-05-2025
- Business
- Associated Press
Gildan Publishes Its 2024 ESG Report Highlighting Advancements Towards Its 2030 ESG Targets
MONTREAL, May 20, 2025 /3BL/ - Gildan Activewear Inc. (GIL: TSX and NYSE) ('Gildan' or 'the Company') is pleased to announce the publication of its 21st Environmental, Social, and Governance (ESG) Report, outlining the Company's continued progress against the ten targets of its Next Generation ESG strategy. 'Over the years, ESG, which is one of three pillars of our Gildan Sustainable Growth (GSG) strategy, has been foundational to support our low-cost manufacturing operations, unlocking innovative business solutions and our ability to meet changing customer and consumer needs,' says Glenn Chamandy, President and CEO of Gildan. 'Just as importantly, it has also helped us to attract and retain an engaged, experienced, and highly skilled workforce, and maintain the trust and support of the communities in which we operate. Together with our ~50,000 employees, we are committed to continue making apparel with respect.' In 2024, Gildan achieved notable advancements towards its Next Generation ESG targets as the Company: Gildan also continued to be recognized for its ESG practices. The Company was: The full 2024 ESG Report and supporting indices and documents can be found here. To further enhance transparency and streamline reporting, we have included information about the Company's approach to key ESG topics on our corporate website. 1. We consider the following types of cotton to be sustainable: sustainable cotton provided through third-party verified programs that support environmental and/or social sustainability improvements and/or outcomes. Sustainable cotton from third-party verified programs includes, for example, verified U.S.-grown cotton (USCTP), Better Cotton (formerly BCI), organic cotton, recycled or regenerative cotton, and fair-trade cotton. About GildanGildan is a leading manufacturer of everyday basic apparel. The Company's product offering includes activewear, underwear and socks, sold to a broad range of customers, including wholesale distributors, screenprinters or embellishers, as well as to retailers that sell to consumers through their physical stores and/or e-commerce platforms and to global lifestyle brand companies. The Company markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, American Apparel®, Comfort Colors®, GOLDTOE®, and Peds®, and under an exclusive licensing agreement for the printwear channel for Champion®. Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Bangladesh. Gildan operates with a strong commitment to industry-leading labour, environmental and governance practices throughout its supply chain in accordance with its comprehensive ESG program embedded in the Company's long-term business strategy. More information about the Company and its ESG practices and initiatives can be found at Investor inquiries: Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications (514) 744-8511 [email protected] Media inquiries: Genevieve Gosselin Director, Global Communications and Corporate Marketing (514) 343-8814 [email protected] Visit 3BL Media to see more multimedia and stories from Gildan Activewear
Yahoo
30-04-2025
- Business
- Yahoo
Gildan Activewear CEO touts 'very strong competitive advantage' on U.S. tariffs; stock surges
Gildan Activewear ( shares climbed over eight per cent in early trading on Wednesday, as investors responded to the Canadian t-shirt maker's confidence in the face of U.S. tariffs, and rising profit in the first quarter. The Montreal-based apparel maker, which keeps its book in U.S. dollars, saw net earnings for the three months ended March 30 rise to US$84.7 million, versus US$78.7 million a year earlier. At the same time, chief executive officer Glenn Chamandy says Gildan is 'well-positioned' from a tariff perspective. Gildan manufactures basic apparel like activewear, underwear, and socks at facilities primarily located in Central America, the Caribbean, North America, and Bangladesh. U.S. President Donald Trump's current slate of trade levies includes a minimum baseline tariff of 10 per cent on imports from about 90 nations. 'We have significant U.S. cotton and yarn content in our products, which should allow for significant tariff savings, since a 10 per cent reciprocal baseline tariff does not apply to the value of U.S. content-imported products, which puts us in a very strong competitive advantage,' Chamandy told analysts on a post-earnings conference call after markets closed on Tuesday. 'We're better-positioned than anybody in the market,' he added. 'Not everybody can offset the tariff costs like we do, because of our vertical integration, our low-cost manufacturing, our flexibility, our agility, and everything else we have working for Gildan.' The company's Toronto-listed stock closed 7.12 per cent higher on Wednesday at $63.53 per share. The stock hit an all-time intraday high above $78 in early March. Gildan maintained its previously announced guidance for 2025 on Wednesday, while acknowledging the potential for tariffs to weaken profit margins and demand. The company expects mid-single digit full-year sales growth, and free cash flow above US$450 million, versus the US$389 million it booked in 2024. "We're in a great position to take [market] share," Chamandy said. CIBC Capital Markets analyst Mark Petrie notes Gildan can adjust production levels between Bangladesh and Central America to further offset U.S. tariffs. "Over time, we see tariffs and trade uncertainty as a tailwind for Gildan (not unlike the pandemic) as it pushes U.S. customers to favour sourcing in the Western Hemisphere," he wrote in a research note on Tuesday. "We estimate Gildan's unmitigated tariff exposure at roughly a couple hundred basis points," Petrie added. Citing uncertain demand linked to the broader economy, he lowered his price target on Toronto-listed Gildan stock to $56 per share from $60, while maintaining an "outperformer" rating. Correction: A previous version of this story stated that net sales amounted to US$84.7 million. That figure is the net earnings for Gildan Activewear for the quarter. Jeff Lagerquist is a senior reporter at Yahoo Finance Canada. Follow him on Twitter @jefflagerquist. Download the Yahoo Finance app, available for Apple and Android. Sign in to access your portfolio
Wall Street Journal
30-04-2025
- Business
- Wall Street Journal
Gildan Dodges Trump Tariffs With Homegrown Cotton, Global Manufacturing
Gildan Activewear GIL 6.12%increase; green up pointing triangle is largely dodging the tariff fallout, according to its chief executive, helped by a vertically integrated model that starts with American-grown cotton and ends with production in Bangladesh and Central America. The Canadian apparel company is using its U.S. spinning mills, flexible cross-border logistics and a longstanding global footprint to keep costs low while competitors scramble. Chief Executive Glenn Chamandy said that Gildan's structure limits tariff exposure and allows for minimal price increases, preserving its competitive edge as a low-cost producer even as trade tensions reshape sourcing origins.
Yahoo
10-02-2025
- Business
- Yahoo
Gildan Activewear's (TSE:GIL) investors will be pleased with their splendid 116% return over the last five years
Stock pickers are generally looking for stocks that will outperform the broader market. And in our experience, buying the right stocks can give your wealth a significant boost. For example, the Gildan Activewear Inc. (TSE:GIL) share price is up 98% in the last 5 years, clearly besting the market return of around 38% (ignoring dividends). However, more recent returns haven't been as impressive as that, with the stock returning just 60% in the last year, including dividends. Now it's worth having a look at the company's fundamentals too, because that will help us determine if the long term shareholder return has matched the performance of the underlying business. See our latest analysis for Gildan Activewear To quote Buffett, 'Ships will sail around the world but the Flat Earth Society will flourish. There will continue to be wide discrepancies between price and value in the marketplace...' One flawed but reasonable way to assess how sentiment around a company has changed is to compare the earnings per share (EPS) with the share price. During five years of share price growth, Gildan Activewear achieved compound earnings per share (EPS) growth of 14% per year. This EPS growth is remarkably close to the 15% average annual increase in the share price. Therefore one could conclude that sentiment towards the shares hasn't morphed very much. Rather, the share price has approximately tracked EPS growth. The graphic below depicts how EPS has changed over time (unveil the exact values by clicking on the image). We consider it positive that insiders have made significant purchases in the last year. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Gildan Activewear's earnings, revenue and cash flow. As well as measuring the share price return, investors should also consider the total shareholder return (TSR). Whereas the share price return only reflects the change in the share price, the TSR includes the value of dividends (assuming they were reinvested) and the benefit of any discounted capital raising or spin-off. So for companies that pay a generous dividend, the TSR is often a lot higher than the share price return. We note that for Gildan Activewear the TSR over the last 5 years was 116%, which is better than the share price return mentioned above. And there's no prize for guessing that the dividend payments largely explain the divergence! It's nice to see that Gildan Activewear shareholders have received a total shareholder return of 60% over the last year. Of course, that includes the dividend. That's better than the annualised return of 17% over half a decade, implying that the company is doing better recently. In the best case scenario, this may hint at some real business momentum, implying that now could be a great time to delve deeper. It's always interesting to track share price performance over the longer term. But to understand Gildan Activewear better, we need to consider many other factors. To that end, you should be aware of the 2 warning signs we've spotted with Gildan Activewear . Gildan Activewear is not the only stock that insiders are buying. For those who like to find lesser know companies this free list of growing companies with recent insider purchasing, could be just the ticket. Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on Canadian exchanges. Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Sign in to access your portfolio
