Gildan Activewear Unleashes Its Next-Gen Apparel Tech But Will It Help Capture A Larger Piece Of The Market Pie?

Gildan Activewear delivered a mixed set of results for the first quarter of 2025, characterized by moderate growth in net sales and stable adjusted earnings per share. The company reported net sales of $712 million, marking a 2.3% increase over the same quarter last year. The activewear segment emerged as a key growth driver, registering a substantial 9.3% increase in sales due to higher volumes and a favorable product mix within North America. However, overall sales growth was modestly tempered by the phased withdrawal from its Under Armour business, which negatively impacted the hosiery and underwear category by 38%.