Gildan Activewear to Provide Details on Full Integration Roadmap Regarding HanesBrands Acquisition, RBC Says

MT Newswires Live
Feb 25

Gildan Activewear (GIL) is poised to provide more details around the full integration roadmap regarding its acquisition of HanesBrands, including manufacturing optimizations, cost and revenue synergies during its Q4 print, RBC said in a research note.

Building on this, RBC said on Monday that it believes a divestiture of HanesBrands Australia could be a "probable scenario," consistent with the management's commentary given its entirely outsourced manufacturing model.

Gildan Activewear's Q4 will be its first quarter inclusive of HanesBrands, RBC said, adding that it would not be surprised to see higher than usual variances. RBC expects Q4 adjusted earnings per share of $0.96 and consolidated revenue of $1.17 billion.

Additionally, the company's management is poised to provide 2026 guidance, consistent with the company's previous 2026-2028 outlook commentary, the firm said.

Gildan Activewear is scheduled to report its Q4 results on Thursday.

The firm raised the company's price target to $79 from $71 and maintained its outperform rating.

Price: 71.50, Change: +0.80, Percent Change: +1.12

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