Gildan Activewear Inc (GIL)

GIL Shareholder Alert: Gildan Activewear Inc. Class Action Lawsuit - Investors Should Contact Levi & KorsinskyApril 30, 2026 11:35 PM
PR Newswire (US)

Without warning Gildan Activewear's CEO was fired by the board of directors -- and GIL shares fell 10%. Six months, and $77 million in expenses later, the board was forced to reinstate the CEO.NEW YORK, April 30, 2026 /PRNewswire/ -- Gildan Activewear Inc. (NYSE: GIL) shareholders lost 10% of their investment on December 11, 2023, when the board terminated co-founder and 20-year CEO Glenn Chamandy "without cause" with zero prior warning. Shareholders who lost money on GIL are encouraged to submit their information here. You may also contact Joseph E. Levi, Esq. via email at jlevi @Awiz3.







The timeline leading to the December 11, 2023 announcement included no indication of governance disruption. On May 3, 2023, CEO Glenn Chamandy told investors on the Q1 earnings call: "We are playing right where we want to be... we are gaining share in every category... we are outperforming the market." On December 11, 2023, the Gildan board announced it had terminated Chamandy and appointed Vince Tyra to be president and CEO. GIL shares immediately fell 10% in a single session.After a lengthy and high-profile proxy battle in which Gildan spent over $70 million on legal and financial advisors and other costs, shareholders voted to reinstate Chamandy to the board at the annual meeting held on May 28, 2024 and to elect a new board of directors. Vince Tyra (replacement CEO) and the remainder of the old board departed. If you were a Gildan Activewear shareholder and suffered a loss as a result of the old board's actions, click here to discuss your legal rights. You may also contact Joseph E. Levi, Esq. via email at jlevi @Awiz3.ABOUT THE FIRM -- For over two decades, Levi & Korsinsky has represented shareholders in securities class actions. Ranked in ISS Top 50 for seven consecutive years.Frequently Asked Questions About the GIL LawsuitQ: How much did GIL stock drop? A: Shares fell approximately 10% on December 11, 2023 (from $35.14 to $31.35 or $3.79), after Gildan Activewear's board announced the abrupt termination of co-founder CEO Glenn Chamandy and the immediate appointment of Vince Tyra. Investors who sold shares after December 11, 2023 at prices that may have been deflated as a result of the board's actions may be entitled to compensation.Q: What specific misconduct is at issue? A: The investigation concerns whether Gildan Activewear's board violated its shareholders rights and oppressed them through a wrongful termination of the CEO Chamandy and then a protracted and unsuccessful proxy battle that ultimately cost $77 million and caused Gildan's stock price to drop.Q: Who are the potential defendants to be named in a GIL lawsuit? A: The investigation concerns Gildan Activewear and the members of the old Gildan board of directors responsible for the termination of Chamandy and the conduct of the proxy contest.Q: What do GIL investors need to do right now? A: Gather brokerage records including purchase and sale dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at jlevi @Awiz3. No immediate action is required to remain eligible as a class member.Q: What does it cost me to participate? A: Nothing. Class actions are handled on a pure contingency basis. No upfront fees, no retainer, no out-of-pocket costs.CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
jlevi @Awiz3
Fax: (212) 363-7171



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Original: GIL Shareholder Alert: Gildan Activewear Inc. Class Action Lawsuit - Investors Should Contact Levi & Korsinsky

Gildan tops Q1 expectations, keeps full-year outlook unchangedApril 30, 2026 8:43 AM
IH Market News
Shares of Gildan Activewear Inc. (NYSE:GIL) reacted to first-quarter results released Thursday that came in ahead of analyst expectations, while the company maintained its guidance for the full year.The group reported adjusted earnings per share of $0.43, beating the consensus estimate of $0.39 by $0.04.Revenue reached a record $1.17 billion, surpassing the $1.15 billion forecast and rising sharply from $711.7 million in the same period last year.The significant increase in revenue was largely driven by the acquisition of HanesBrands, which was completed in the fourth quarter of 2025. This marks the first full reporting period in which HanesBrands’ results are fully included in Gildan’s financials.On a GAAP basis, the company reported a diluted loss per share from continuing operations of -$0.30, compared with earnings of $0.56 a year earlier. The decline was mainly due to a $106.3 million inventory fair value step-up charge related to the HanesBrands deal.“We are pleased with our first quarter performance, reflecting disciplined execution across the organization and continued progress against our strategic priorities,” said President and CEO Glenn J. Chamandy.“While the external environment remains uncertain, we are focused on what we can control — driving operational excellence, advancing our integration of HanesBrands, maintaining cost discipline and consistent execution.”Adjusted operating margin came in at 14.3%, ahead of the company’s guidance of around 12.9%, although it declined by 470 basis points year-over-year.The drop reflects the higher SG&A cost structure historically associated with HanesBrands compared with Gildan’s core operations. Wholesale revenue totaled $552 million, down 11.9% from a year earlier, while retail sales surged to $614 million from $85 million, primarily due to the acquisition.For full-year 2026, Gildan reiterated its outlook, expecting revenue in the range of $6.0 billion to $6.2 billion, broadly in line with the $6.14 billion consensus. The midpoint of $6.1 billion aligns closely with analyst expectations.The company also reaffirmed its adjusted EPS guidance of $4.20 to $4.40, with the midpoint of $4.30 slightly below the $4.31 consensus estimate.Looking ahead to the second quarter, Gildan expects revenue of approximately $1.6 billion and an adjusted operating margin of about 19.7%.The company remains on track to deliver around $100 million in synergies in 2026 and continues to target roughly $250 million in annual cost synergies over the next three years from the integration of HanesBrands.Gildan Activewear stock price

Original: Gildan tops Q1 expectations, keeps full-year outlook unchanged

Ruler line seems to suggest that it's headed all the way down to $40 (30 bucks US)




39 bucks USA

Gildan shares are down 23% after a profit warning but one analyst says it’s just a ‘one-off weakness’

Hey you seem canadian !.....Tis always good to find others !.....Urthcast - he-he - no way - How bout Nexoptic then too ?


https://www.marketwatch.com/story/gildan-shares-are-down-23-after-a-profit-warning-but-one-analyst-says-its-just-a-one-off-weakness-2019-10-18?siteid=bigcharts&dist=bigcharts

Let's revive a dead message board. Anybody else see this as a buy opputunity?

$GIL DD Notes ~ http://www.ddnotesmaker.com/GIL

bullish very long term

$GIL recent news/filings

## source: finance.yahoo.com

Tue, 28 Oct 2014 18:50:02 GMT ~ Coach Q1 Earnings Beat Estimates as International Sales Rise


read full: http://finance.yahoo.com/news/coach-q1-earnings-beat-estimates-185002611.html
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Thu, 23 Oct 2014 13:25:02 GMT ~ Under Armour Beats on Q3 Earnings & Revenues, Guides Up


read full: http://finance.yahoo.com/news/under-armour-beats-q3-earnings-132502750.html
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Mon, 20 Oct 2014 10:57:04 GMT ~ G-III Apparel Group (GIII) Tumbles: Stock Falls 8%


read full: http://finance.yahoo.com/news/g-iii-apparel-group-giii-105704252.html
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Fri, 17 Oct 2014 13:30:02 GMT ~ SUPERVALU Q2 Earnings in Line, Revenues Beat on Comps


read full: http://finance.yahoo.com/news/supervalu-q2-earnings-line-revenues-133002035.html
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Thu, 16 Oct 2014 19:00:02 GMT ~ Estee Lauder to Boost Fragrance Portfolio with Le Labo


read full: http://finance.yahoo.com/news/estee-lauder-boost-fragrance-portfolio-190002021.html
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$GIL charts

basic chart ## source: stockcharts.com



basic chart ## source: stockscores.com



big daily chart ## source: stockcharts.com



big weekly chart ## source: stockcharts.com


$GIL company information

## source: otcmarkets.com

Link: http://www.otcmarkets.com/stock/GIL/company-info
Ticker: $GIL
OTC Market Place: Not Available
CIK code: 0001061894
Company name: Gildan Activewear, Inc.
Company website: http://www.gildan.com
Incorporated In: Canada


$GIL share structure

## source: otcmarkets.com

Market Value: $7,204,812,267 a/o Oct 28, 2014
Shares Outstanding: 121,908,837 a/o Nov 26, 2013
Float: Not Available
Authorized Shares: Not Available
Par Value: No Par Value
$GIL extra dd links

Company name: Gildan Activewear, Inc.
Company website: http://www.gildan.com

## STOCK DETAILS ##
After Hours Quote (nasdaq.com): http://www.nasdaq.com/symbol/GIL/after-hours
Option Chain (nasdaq.com): http://www.nasdaq.com/symbol/GIL/option-chain
Historical Prices (yahoo.com): http://finance.yahoo.com/q/hp?s=GIL+Historical+Prices
Company Profile (yahoo.com): http://finance.yahoo.com/q/pr?s=GIL+Profile
Industry (yahoo.com): http://finance.yahoo.com/q/in?s=GIL+Industry

## COMPANY NEWS ##
Market Stream (nasdaq.com): http://www.nasdaq.com/symbol/GIL/stream
Latest news (otcmarkets.com): http://www.otcmarkets.com/stock/GIL/news - http://finance.yahoo.com/q/h?s=GIL+Headlines

## STOCK ANALYSIS ##
Analyst Research (nasdaq.com): http://www.nasdaq.com/symbol/GIL/analyst-research
Guru Analysis (nasdaq.com): http://www.nasdaq.com/symbol/GIL/guru-analysis
Stock Report (nasdaq.com): http://www.nasdaq.com/symbol/GIL/stock-report
Competitors (nasdaq.com): http://www.nasdaq.com/symbol/GIL/competitors
Stock Consultant (nasdaq.com): http://www.nasdaq.com/symbol/GIL/stock-consultant
Stock Comparison (nasdaq.com): http://www.nasdaq.com/symbol/GIL/stock-comparison
Investopedia (investopedia.com): http://www.investopedia.com/markets/stocks/GIL/?wa=0
Research Reports (otcmarkets.com): http://www.otcmarkets.com/stock/GIL/research
Basic Tech. Analysis (yahoo.com): http://finance.yahoo.com/q/ta?s=GIL+Basic+Tech.+Analysis
Barchart (barchart.com): http://www.barchart.com/quotes/stocks/GIL
DTCC (dtcc.com): http://search2.dtcc.com/?q=Gildan+Activewear%2C+Inc.&x=10&y=8&sp_p=all&sp_f=ISO-8859-1
Spoke company information (spoke.com): http://www.spoke.com/search?utf8=%E2%9C%93&q=Gildan+Activewear%2C+Inc.
Corporation WIKI (corporationwiki.com): http://www.corporationwiki.com/search/results?term=Gildan+Activewear%2C+Inc.&x=0&y=0
WHOIS (domaintools.com): http://whois.domaintools.com/http://www.gildan.com
Alexa (alexa.com): http://www.alexa.com/siteinfo/http://www.gildan.com#
Corporate website internet archive (archive.org): http://web.archive.org/web/*/http://www.gildan.com

## FUNDAMENTALS ##
Call Transcripts (nasdaq.com): http://www.nasdaq.com/symbol/GIL/call-transcripts
Annual Report (companyspotlight.com): http://www.companyspotlight.com/library/companies/keyword/GIL
Income Statement (nasdaq.com): http://www.nasdaq.com/symbol/GIL/financials?query=income-statement
Revenue/EPS (nasdaq.com): http://www.nasdaq.com/symbol/GIL/revenue-eps
SEC Filings (nasdaq.com): http://www.nasdaq.com/symbol/GIL/sec-filings
Edgar filings (sec.gov): http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0001061894&owner=exclude&count=40
Latest filings (otcmarkets.com): http://www.otcmarkets.com/stock/GIL/filings
Latest financials (otcmarkets.com): http://www.otcmarkets.com/stock/GIL/financials
Short Interest (nasdaq.com): http://www.nasdaq.com/symbol/GIL/short-interest
Dividend History (nasdaq.com): http://www.nasdaq.com/symbol/GIL/dividend-history
RegSho (regsho.com): http://www.regsho.com/tools/symbol_stats.php?sym=GIL&search=search
OTC Short Report (otcshortreport.com): http://otcshortreport.com/index.php?index=GIL
Short Sales (otcmarkets.com): http://www.otcmarkets.com/stock/GIL/short-sales
Key Statistics (yahoo.com): http://finance.yahoo.com/q/ks?s=GIL+Key+Statistics
Insider Roster (yahoo.com): http://finance.yahoo.com/q/ir?s=GIL+Insider+Roster
Income Statement (yahoo.com): http://finance.yahoo.com/q/is?s=GIL
Balance Sheet (yahoo.com): http://finance.yahoo.com/q/bs?s=GIL
Cash Flow (yahoo.com): http://finance.yahoo.com/q/cf?s=GIL+Cash+Flow&annual

## HOLDINGS ##
Major holdings (cnbc.com): http://data.cnbc.com/quotes/GIL/tab/8.1
Insider transactions (yahoo.com): http://finance.yahoo.com/q/it?s=GIL+Insider+Transactions
Insider transactions (secform4.com): http://www.secform4.com/insider-trading/GIL.htm
Insider transactions (insidercrow.com): http://www.insidercow.com/history/company.jsp?company=GIL
Ownership Summary (nasdaq.com): http://www.nasdaq.com/symbol/GIL/ownership-summary
Institutional Holdings (nasdaq.com): http://www.nasdaq.com/symbol/GIL/institutional-holdings
Insiders (SEC Form 4) (nasdaq.com): http://www.nasdaq.com/symbol/GIL/insider-trades
Insider Disclosure (otcmarkets.com): http://www.otcmarkets.com/stock/GIL/insider-transactions

## SOCIAL MEDIA AND OTHER VARIOUS SOURCES ##
PST (pennystocktweets.com): http://www.pennystocktweets.com/stocks/profile/GIL
Market Watch (marketwatch.com): http://www.marketwatch.com/investing/stock/GIL
Bloomberg (bloomberg.com): http://www.bloomberg.com/quote/GIL:US
Morningstar (morningstar.com): http://quotes.morningstar.com/stock/s?t=GIL
Bussinessweek (businessweek.com): http://investing.businessweek.com/research/stocks/snapshot/snapshot_article.asp?ticker=GIL



$GIL DD Notes ~ http://www.ddnotesmaker.com/GIL

GIL-technical analysis
GIL gained 5.15% on 02/08/12.
GIL is trading in the range of $18.49 - $22.62 in the past 30 days.
Average True Range (Atr) indicates the volatility has increased for GIL.
Commodity Channel Index (CCI) is bullish for GIL.
GIL formed a bullish 5-day exponential moving average and 9-day exponential moving average crossover.
GIL formed a Bullish Macd Crossover signal.
Money Flow Index (MFI) is bullish and moving up for GIL.
GIL formed a bullish Price & Exponential Moving Average Crossover signal.
GIL formed a bullish Price & Simple Moving Average Crossover signal.
The 10-day simple moving average is bearish and moving down for GIL.
GIL formed a bullish Stochastic Crossover signal.
Average volume increase over 10% for GIL.
Stock performance base on day of week in the past 90 days.
Monday: 8.82%
Tuesday: 7.02%
Wednesday: 8.61%
Thursday: -40.77%
Friday: 6.62%

Yep, a good play here!

Love the action here @ over 18.$$ :)

In for pinch.