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For the second quarter of 2025, Gildan continued to deliver a solid financial performance by achieving record net sales of $919 million.
This was an increase of 6.5% compared to the same quarter in 2024.
Glenn J. Chamandy, Gildan’s president and CEO, said: “The Gildan Sustainable Growth (GSG) strategy continues to drive solid financial performance, as evidenced by our record second quarter results, driven by strong net sales growth of 12% in Activewear. As we navigate through the current fluid operating environment, we are focusing on what we can control, which is allowing us to continue to strengthen our competitive position and drive profitable top line growth. Moreover, our performance reflects the agility and resilience of our low-cost vertically integrated business model which remains the cornerstone of our ability to deliver long-term value for our stakeholders.”
During the quarter, Gildan generated gross profit of $289 million, compared to $262 million the year previous, representing a 110-basis point improvement, which was primarily driven by lower raw materials and manufacturing costs as well as favourable pricing.
Gildan continued to see market share gains in key growth areas and a positive market response to its recently introduced new products which feature key innovations, including the new Soft Cotton Technology.
For the third quarter of 2025, Gildan expects its net sales to be up low single digits year over year, reflecting a timing shift of orders from the third quarter into the second quarter, and partly into the fourth quarter.
The sustained execution of the Gildan Sustainable Growth (GSG) strategy positions Gildan well for the remainder of 2025. Even against the current fluid macroeconomic backdrop, Gildan remains focused on operational agility and continues to believe that its vertically integrated business model, paired with a strong industry positioning enables the company to operate in dynamic environments and drive strong financial performance.
