MONTREAL, June 16, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or ...








    




            







    
        
            June 16, 2026 13:10 ET
        

        
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                Gildan Activewear
            
                

        
    

    

    

    





        
MONTREAL, June  16, 2026  (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or the “Company”) is aware of a report published by a short seller on June 16, 2026. The Company is confident that its current disclosure provides its investors with accurate and comprehensive information regarding Gildan, including with respect to its financial information and governance practices.  The Company reiterates its fiscal 2026 guidance as communicated in its April 30, 2026 press release.  Gildan does not intend to provide any further comment at this time.  Forward-looking statements and information Certain statements included in this press release constitute “forward-looking statements” and “forward-looking information” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities legislation and regulations, and are subject to important risks, uncertainties, and assumptions. These forward-looking statements include, amongst others, information with respect to our fiscal 2026 financial outlook. Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events, and we caution you against relying on any of these forward-looking statements. We refer you to the Gildan’s public filings with the Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (the “SEC”), as well as the risks described under the “Financial risk management”, “Critical accounting estimates and judgments”, and “Risks and uncertainties” sections of our most recent management’s discussion and analysis for a discussion of the various factors that may affect Gildan’s future results, as well as the “2026 Outlook” section of our April 30, 2026 press release for material assumptions underlying the 2026 financial outlook.  About GildanGildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America, under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO™, GOLDTOE®, Peds®, Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S. and Canada and Polo Ralph Lauren® also under a licensing agreement.  Gildan owns and operates vertically integrated, large-scale manufacturing facilities which are primarily located in Central America, the Caribbean, North America, and Asia. Gildan integrates industry-leading labour, environmental, and governance practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy. More information about Gildan and its sustainability commitments and initiatives can be found at www.gildancorp.com. Investor inquiries:Jessy Hayem, CFA Senior Vice-President, Head of Investor Relations and Global Communications(514) 744-8511jhayem@gildan.comMedia inquiries:Jonathan BinderDirector, Corporate Communications(336) 519-6330communications@gildan.com   
            

Gildan Activewear Issues Statement Regarding Recent Short Seller Report

Gildan Reaffirms 2026 Outlook Amid Short-Seller Report

<section class="insight" data-version="1">
  <section data-block="information">
    <h3>Information</h3>
    <p>MONTREAL, June 16, 2026 (GLOBE NEWSWIRE) -- Gildan Activewear Inc. (GIL: TSX and NYSE) (“Gildan” or ...</p>
  </section>

  <section data-block="ai-summary-paragraph">
    <h3>AI Summary</h3>
    <p>Gildan Activewear acknowledged a June 16, 2026 short-seller report but stated its disclosures remain accurate and reiterated its fiscal 2026 guidance from the April 30 release. The company offered no additional commentary and highlighted forward-looking risks, directing investors to filings. The near-term stock reaction will hinge on how the market assesses the credibility of the report versus the maintained guidance.</p>
  </section>

  <section data-block="ai-summary-bullets">
    <h3>Key Points</h3>
    <ul><li>Gildan acknowledges a short-seller report; reiterates 2026 guidance.</li><li>Company asserts disclosures are accurate and governance practices are robust.</li><li>Forward-looking statements carry risks; not guaranteed.</li><li>Directs readers to April 30 Outlook for material assumptions; no further comment.</li></ul>
  </section>

  <section data-block="companies-mentioned">
    <h3>Companies Mentioned</h3>
    <ul><li><strong>Gildan Activewear Inc. (GIL)</strong>: Main issuer; reiterates 2026 guidance amid short-seller report; fundamentals unchanged.</li><li><strong>Ralph Lauren Corporation (RL)</strong>: Polo Ralph Lauren licensing agreement with Gildan; licensing terms could influence product mix and revenue exposure.</li><li><strong>Hanesbrands Inc. (HBI)</strong>: Hanesbrands is part of Gildan&#039;s broader brand portfolio; potential competitive context and demand dynamics.</li></ul>
  </section>

  <section data-block="category">
    <h3>Legal</h3>
    <p>Category: Legal. The piece centers on a short-seller report and standard risk disclosures, with no material changes to guidance; reflects ongoing regulatory/market risk considerations rather than operational developments.</p>
  </section>

  <section data-block="market-moving">
    <h3>Market-Moving</h3>
    <ul><li>Short-seller report could trigger near-term price volatility.</li><li>Reaffirmed 2026 guidance may cap downside risk in coming weeks.</li><li>No additional commentary keeps execution risk and disclosures under review.</li></ul>
  </section>

  <section data-block="key-facts">
    <h3>Key Facts</h3>
    <ul><li>Date: June 16, 2026; press release via Globe Newswire.</li><li>Ticker: Gildan Activewear Inc. (GIL) on TSX and NYSE.</li><li>Fiscal 2026 guidance reaffirmed as communicated in the April 30, 2026 press release.</li><li>Outlook details referenced in the &#039;2026 Outlook&#039; section of the April 30 release.</li><li>Company states it does not intend to provide further comment at this time.</li></ul>
  </section>

  <section data-block="trading-thesis">
    <h3>Trading Thesis</h3>
    <p>Near-term volatility likely; fundamentals intact, monitor filings for clarity over the next few weeks.</p>
  </section>
</section>


<article>
  <h1>Gildan Activewear Issues Statement Regarding Recent Short Seller Report</h1>

  <section aria-labelledby="overview">
    <h2 id="overview">Overview: GIL reaffirmed guidance and addresses short-seller coverage</h2>
    <p>
      Gildan Activewear Inc. (GIL: TSX and NYSE) confirmed awareness of a short seller report published on <strong>June 16, 2026</strong>.
      The Company states it is confident that its current disclosure provides investors with accurate and comprehensive information
      regarding Gildan, including its financial information and governance practices. <strong>The Company reiterates its fiscal 2026 guidance</strong>
      as communicated in its <em>April 30, 2026</em> press release. <em>The Company does not intend to provide any further comment at this time.</em>
    </p>
  </section>

  <section aria-labelledby="details">
    <h2 id="details">Key details and timing</h2>
    <ul>
      <li><strong>Company:</strong> Gildan Activewear Inc. (<strong>GIL</strong>)</li>
      <li><strong>Event:</strong> Short seller report published on June 16, 2026</li>
      <li><strong>Location:</strong> Montreal, Quebec</li>
      <li><strong>Guidance:</strong> Reiterates fiscal <strong>2026</strong> outlook as previously disclosed</li>
      <li><strong>Comment status:</strong> No further comment at this time</li>
    </ul>

    <p>
      The company reaffirms its <strong>fiscal 2026 guidance</strong> as communicated in its <em>April 30, 2026</em> press release,
      and notes that its disclosure remains current and comprehensive regarding governance practices and financial information.
      This information is intended to provide investors with a complete view of Gildan's current position and outlook.
    </p>

    <blockquote>
      Gildan does not intend to provide any further comment at this time.
    </blockquote>
  </section>

  <section aria-labelledby="forward-looking">
    <h2 id="forward-looking">Forward-looking statements and risk disclosures</h2>
    <p>
      <em>Forward-looking statements and information</em> Certain statements included in this press release constitute
      “forward-looking statements” and “forward-looking information” within the meaning of the U.S. Private Securities Litigation Reform Act of 1995
      and Canadian securities legislation and regulations, and are subject to important risks, uncertainties, and assumptions.
      These forward-looking statements include, amongst others, information with respect to our fiscal 2026 financial outlook.
      Forward-looking statements are subject to inherent risks and uncertainties and are based on several assumptions which give rise to the possibility
      that actual results or events could differ materially from our expectations. These statements are not guarantees of future performance or events,
      and we caution you against relying on any of these forward-looking statements. We refer you to the Gildan’s public filings with the
      Canadian securities regulatory authorities and the U.S. Securities and Exchange Commission (the “SEC”), as well as the risks described under the
      “Financial risk management”, “Critical accounting estimates and judgments”, and “Risks and uncertainties” sections of our most recent management’s
      discussion and analysis for a discussion of the various factors that may affect Gildan’s future results, as well as the “2026 Outlook” section of our
      April 30, 2026 press release for material assumptions underlying the 2026 financial outlook.
    </p>
  </section>

  <section aria-labelledby="about-gildan">
    <h2 id="about-gildan">About Gildan</h2>
    <p>
      Gildan is a leading manufacturer of everyday basic apparel. The Company’s product offering includes activewear, underwear, socks, and intimates
      sold to a broad range of customers, including wholesale distributors, screenprinters, embellishers, retailers or e-commerce platforms, as well as
      global lifestyle brand companies and directly to consumers. Gildan markets its products in North America, Europe, Asia Pacific, and Latin America,
      under a diversified portfolio of Company-owned brands including Gildan®, Hanes®, Comfort Colors®, American Apparel®, ALLPRO™, GOLDTOE®, Peds®,
      Bali®, Playtex®, Maidenform®, Bonds®, as well as Champion® which is under an exclusive licensing agreement for the printwear channel in the U.S.
      and Canada and Polo Ralph Lauren® also under a licensing agreement. Gildan owns and operates vertically integrated, large-scale manufacturing facilities
      which are primarily located in Central America, the Caribbean, North America, and Asia. Gildan integrates industry-leading labour, environmental, and governance
      practices into its operations and supply chain under a sustainability program that is aligned with its long-term business strategy. More information about
      Gildan and its sustainability commitments and initiatives can be found at www.gildancorp.com.
    </p>
  </section>

  <section aria-labelledby="contacts">
    <h2 id="contacts">Investor and Media inquiries</h2>
    <ul>
      <li><strong>Investor inquiries:</strong> Jessy Hayem, CFA, Senior Vice-President, Head of Investor Relations and Global Communications
        (514) 744-8511, jhayem@gildan.com</li>
      <li><strong>Media inquiries:</strong> Jonathan Binder, Director, Corporate Communications
        (336) 519-6330, communications@gildan.com</li>
    </ul>
  </section>
</article>

Gildan Activewear acknowledged a June 16, 2026 short-seller report but stated its disclosures remain accurate and reiterated its fiscal 2026 guidance from the April 30 release. The company offered no additional commentary and highlighted forward-looking risks, directing investors to filings. The near-term stock reaction will hinge on how the market assesses the credibility of the report versus the maintained guidance.

Gildan Activewear Issues Statement Regarding Recent Short Seller Report

AI Summary

Sentiment Rationale

Trading Thesis

Market-Moving

Key Facts

Companies Mentioned

Legal

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