For fiscal 2026 (FY26), Gildan reaffirmed revenue guidance of $6-6.2 billion, adjusted operating margin of around 20 per cent, and adjusted Earnings per share (EPS) of $4.2-4.4. Free cash flow is projected to exceed $850 million. The company expects Q2 sales of about $1.6 billion, with margins improving as integration benefits materialise.

Gildan has reported a strong Q1 FY26, driven by HanesBrands integration, and reaffirmed full-year guidance.
Net sales rose sharply, while margins were impacted by acquisition-related costs.
Retail sales surged, offsetting weaker wholesale performance.
Adjusted margins exceeded guidance, supported by pricing actions.
The company remains focused on operational efficiency and cost discipline.

It noted that geopolitical risks and tariff uncertainties remain key variables in the outlook.

Meanwhile, the net sales from continuing operations in Q1 stood at $1.17 billion, up 63.8 per cent year on year (YoY), driven largely by the consolidation of HanesBrands. The company maintained its full-year guidance, citing steady integration progress and confidence in its growth strategy.

“We are pleased with our first quarter performance, reflecting disciplined execution across the organization and continued progress against our strategic priorities. We advanced our integration initiatives as planned, with early actions reinforcing our operating model and strengthening our ability to drive efficiency and synergy capture,” said Glenn J Chamandy, Gildan’s president and CEO.

He added that despite an uncertain external environment, the company remains focused on controllable factors, driving operational excellence, advancing the HanesBrands integration, and maintaining cost discipline and consistent execution; supported by its low-cost, vertically integrated platform and strong balance sheet.

Adjusted operating margin stood at 14.3 per cent, ahead of guidance, while GAAP operating margin was slightly negative at (0.1) per cent due to acquisition-related and restructuring costs. Adjusted diluted EPS from continuing operations came in at $0.43, down from $0.59 a year earlier, Gildan said in a press release.

Wholesale sales declined 11.9 per cent to $552 million amid proactive inventory reduction and the absence of tariff-driven pre-buying seen last year. Retail sales surged to $614 million. The company also reported gains in key underwear brands and continued momentum in labels such as Comfort Colors and Champion.

Gross profit reached $278 million, while adjusted gross margin improved to 33 per cent, supported by pricing actions and lower input costs. However, higher Selling, General and Administrative expenses (SG&A) expenses and financial costs weighed on profitability.

The company ended the quarter with net debt of $4.87 billion.

Fibre2Fashion News Desk (SG)

Vietnamese Prime Minister Lê Minh Hung and Japanese Prime Minister Sanae Takaichi signed the agreements and addressed a joint press conference on Saturday following summit talks at the government headquarters, marking a key milestone in bilateral ties.

Hung said the visit would create fresh momentum, noting that Japan is Vietnam’s top provider of official development assistance (ODA), its largest partner in labour cooperation, third-largest investor and fourth-largest trading partner.

Vietnam and Japan aim to boost ties with $5 billion in annual investment and $60 billion in trade by 2030.
Leaders signed six agreements, while 2025 saw trade surpass $50 billion alongside rising ODA and investment.
Both sides plan to deepen cooperation in technology, energy and security, and expand high-tech and supply chain partnerships.

Both sides agreed to deepen their Comprehensive Strategic Partnership through stronger cooperation in defence, security and diplomacy, while maintaining ministerial-level mechanisms across trade, industry, energy and technology. A Deputy Minister-level 2+2 dialogue on foreign affairs and defence will also be implemented.

The partnership has already gained traction. In 2025, ODA cooperation rose by over $600 million, bilateral trade exceeded $50 billion for the first time, and investment increased by nearly $4 billion across around 300 new projects.

Takaichi described Vietnam as a crucial link in global supply chains and highlighted economic security, covering energy, critical minerals, artificial intelligence, semiconductors and space, as a new priority area. She also stressed the importance of expanding the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) while maintaining high standards.

Dozens of joint initiatives are underway in science and technology, semiconductors, digital transformation, green transition, renewable energy and space.

They plan to hold a Joint Committee on Science and Technology Cooperation meeting in 2026, organise a public–private high-tech exchange event, and roll out projects under the POWERR ASIA2 Initiative to support energy self-reliance in Asia.

Fibre2Fashion News Desk (CG)

The increase in GDP was driven by gains in investment, exports, consumer spending and government expenditure. However, imports also rose during the period, which subtracts from GDP calculations.

Compared with the previous quarter, the stronger growth reflected upturns in government spending and exports, along with faster investment growth. These gains were partly offset by a slowdown in consumer spending, while imports turned upward.

US GDP grew 2 per cent in Q1 2026, accelerating from 0.5 per cent in Q4 2025, driven by investment, exports and government spending.
Consumer spending slowed, while imports rose.
Inflation pressures increased, with personal consumption expenditures (PCE) inflation at 4.5 per cent.
Goods exports were boosted by higher shipments of industrial supplies and materials.

Real final sales to private domestic purchasers, a key measure combining consumer spending and gross private fixed investment, rose 2.5 per cent in the first quarter, up from 1.8 per cent in the previous quarter.

Inflation indicators showed mixed trends. The price index for gross domestic purchases increased 3.6 per cent, slightly lower than 3.7 per cent in the previous quarter. However, the personal consumption expenditures (PCE) price index rose to 4.5 per cent from 2.9 per cent, while the core PCE index, excluding food and energy, climbed to 4.3 per cent from 2.7 per cent.

In terms of components, both exports and imports were lifted mainly by higher goods trade. Goods exports were supported by increased shipments of industrial supplies and materials.

Government spending rose primarily due to higher federal non-defense expenditure, especially employee compensation, which rebounded after declining in the fourth quarter of 2025. Spending patterns were also influenced by the government shutdown during the previous quarter.

Fibre2Fashion News Desk (CG)