Fashion
US’ Gildan Q3 net sales hit record $911 mn on strong Activewear demand
“We were pleased with this quarter’s results as we continue to drive profitable growth, supported by strong net sales growth in Activewear which allowed us to deliver record adjusted diluted EPS. Our record-setting third quarter results once again showcase the effectiveness of the Gildan Sustainable Growth (GSG) strategy to drive strong financial performance, and we’re excited about the next phase of our growth journey,” said Glenn J Chamandy president and CEO at Gildan.
Gildan Activewear has reported record Q3 2025 results with net sales of $911 million, up 2.2 per cent, and adjusted diluted EPS rising 17.6 per cent to $1.
Activewear sales grew 5.4 per cent, driving a record adjusted operating margin of 23.2 per cent.
CEO Chamandy highlighted strong execution under the GSG strategy.
The firm reaffirmed 2025 guidance and expects to close its HanesBrands merger soon.
Activewear sales rose 5.4 per cent to $831 million, driven by favourable product mix, higher prices, and strong North American demand, while Hosiery and underwear sales fell 22.1 per cent to $80 million due to lower volumes and shipment timing. International sales decreased 6.1 per cent to $60 million amid market softness. Gross profit improved to $307 million, or 33.7 per cent of sales, supported by lower manufacturing costs and favourable pricing to offset tariff impacts, Gildan said in a press release.
The operating income stood at $192 million (21.1 per cent margin), with adjusted operating income up $12 million YoY to $212 million. Net financial expenses rose to $44 million due to financing fees related to the proposed HanesBrands acquisition, expected to close later in 2025 or early 2026.
GAAP diluted earnings per share (EPS) was $0.8, while adjusted diluted EPS rose 17.6 per cent to $1. For the first nine months of 2025, Gildan recorded $2.54 billion in net sales, $818 million in gross profit, and $556 million in adjusted operating income. The company also generated $200 million in Q3 free cash flow and $189 million year-to-date.
Meanwhile, Gildan expects mid-single-digit full-year revenue growth, an adjusted operating margin up by 70 basis points, and adjusted diluted EPS between $3.45 and $3.51—a YoY increase of 15–17 per cent. Capital expenditure is forecast at 4 per cent of sales, with free cash flow around $400 million.
“Delivering another strong quarter despite a fluid macroeconomic environment and softer demand highlights our commitment to the GSG strategy. Our vertically integrated business model and strong positioning should continue to support robust financial performance,” added Chamandy.
Fibre2Fashion News Desk (SG)
Fashion
Bangladesh apparel reset: Compliance edge or energy trap?
The pivot is urgent because the old model is under pressure. April **** looked strong: Ready-Made Garment (RMG) exports rose **.** per cent year on year to $*.** billion. But the ten-month picture is weaker. From July-April FY****–**, apparel exports stood at $**.** billion, down *.** per cent. Knitwear fell *.** per cent to $**.** billion; woven fell *.** per cent to $**.** billion. The rebound is real, but so is the drag underneath.
AWARE is the sharpest EU-facing signal: blockchain-backed product data for Digital Product Passport (DPP) readiness. Open Supply Hub adds the factory-identity layer, pushing production information into an open platform. GIZ brings the longer reform spine, from May **** to February ****, covering energy efficiency, circularity, chemical management, renewable-energy skills and textile-waste transparency.
Fashion
UGG boots that last 15 years: Inside Deckers’ strategy
Kenneth Straka, Senior Product Development Manager at Deckers Outdoor Corporation, said that Deckers places strong emphasis on sustainability, noting that founder John Luke often reminded the team that the French word for sustainability is durability. This idea aligned with discussions at the Global Fashion Summit, where the theme centred on “Building Resilient Futures” in the sustainable and circular economy.
Durability has helped UGG become one of the most sought-after boot brands and a key sales driver for Deckers, alongside its sportswear brand Hoka. “One of the things we think about in terms of circularity is making products that last a long time and remain with consumers throughout their lives. We want products that consumers can wear for ** or ** years,” Straka said in an interview with Fibre*Fashion on the sidelines of the Global Fashion Summit in Copenhagen.
Fashion
South India cotton yarn sees mixed trend, prices up in Tiruppur
In the Tiruppur market, cotton yarn prices increased by ****;*–* per kg in this week despite sluggish local demand. Prices were quoted higher because of limited supply from spinning mills. A trader from the Tiruppur market told Fibre*Fashion, “Domestic demand remained limited, but spinning mills are not relying solely on the domestic market for cotton yarn sales. They are focusing more on exports, where demand and prices remain attractive. Mills have raised yarn prices following higher ICE cotton prices and the CCI’s increase in auction base prices, although ICE cotton has witnessed a sharp decline over the past two days.”
In Tiruppur, knitting cotton yarn prices were noted as: ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg (excluding GST), ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count combed cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg, and ** count carded cotton yarn at ****;***–*** (~$*.**–*.**) per kg.
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