HanesBrands deal helps Gildan Activewear Q4 net sales rise 31 per cent

Signage is seen at Gildan Activewear Inc.'s annual meeting in Montreal, Tuesday, May 28, 2024. THE CANADIAN PRESS/Christinne Muschi

MONTREAL — Gildan Activewear Inc. raised its dividend and reported its fourth-quarter net sales jumped more than 30 per cent compared with a year ago, helped by its acquisition of HanesBrands Inc.

The Montreal-based clothing maker, which keeps its books in U.S. dollars, says it will pay a quarterly dividend of 24.9 cents US per share, up from 22.6 cents US per share.

Gildan says its net sales totalled US$1.08 billion for the fourth quarter of 2025, up from US$821.5 million a year earlier, boosted by the one month contribution from HanesBrands.

Excluding the HanesBrands contribution of US$217 million for the period from Dec. 1 to Dec. 28, Gildan says net sales were up 4.9 per cent.

The increase came as Gildan reported its fourth-quarter profit amounted to US$56.1 million or 35 cents US per diluted share for the quarter ended Dec. 28, down from a profit of US$132.3 million or 86 cents US per diluted share in the final quarter of 2024.

On an adjusted basis, Gildan says it earned 96 cents US from continuing operations in its latest quarter, up from an adjusted profit of 83 cents US per share a year earlier.

This report by The Canadian Press was first published Feb. 26, 2026.