Gildan shares tumble after Q3 results disappoint, cuts full-year guidance

BNN Bloomberg · The Canadian Press · 2026-11-05 17:57 UTC

Shares of Gildan Activewear Inc. sank 25 per cent after it reported third-quarter results that it said fell short of expectations and cut its full-year guidance.

MONTREAL — Shares of Gildan Activewear Inc. sank 25 per cent after it reported third-quarter results that it said fell short of expectations and cut its full-year guidance.

Shares in the company were down C$15.32 at C$45.12 in mid-morning trading on the Toronto Stock Exchange.

The Montreal-based clothing company, which keeps its books in U.S. dollars, says it earned US$259.4 million or US$1.40 per diluted share for its third quarter compared with a profit of US$120.2 million or 80 cents US per diluted share a year ago.

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