Gildan Activewear's stock fell 6% in pre-market trading on Thursday after the company issued full-year guidance that fell short of Wall Street expectations and reported softer-than-expected fourth-quarter revenue.
The apparel manufacturer expects 2026 revenue to be between $6 billion and $6.2 billion, significantly below the FactSet consensus estimate of $6.98 billion. Adjusted earnings per share are projected in the range of $4.20 to $4.40, compared to analyst expectations of $4.52.
For the fourth quarter, Gildan posted net sales of $1.08 billion, missing FactSet estimates of $1.15 billion. The company acknowledged a "soft fourth quarter" and said the guidance tempers the lift it expects from its recently closed HanesBrands acquisition.