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Gildan Activewear Surges Ahead of Forecast After HanesBrands Deal

Wall Street Journal US Business •
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Gildan Activewear posted first‑quarter net sales of $1.17 billion, a sharp jump from $711.7 million a year earlier and topping analysts’ $1.14 billion estimate. The lift comes as the company begins to integrate its recently acquired HanesBrands business.

The apparel maker’s revenue surge signals the early benefits of the $1.1 billion HanesBrands purchase. By combining the two brands, Gildan gains broader product lines and expanded U.S. manufacturing capacity, positioning it for sustained growth.

Cost‑synergy initiatives continue to trim operating expenses, though integration costs weigh on short‑term profits. Investors will monitor whether the combined entity can translate higher sales into improved margins.

Overall, the results demonstrate that Gildan’s strategic acquisition is already reshaping its financial profile, offering a clearer path to profitability in a competitive apparel market.