{
  "id": 18336484,
  "title": "Gildan shares tumble after Q3 results disappoint, cuts full-year guidance",
  "url": "https://urgent.news/2026/11/05/gildan-shares-tumble-after-q3-results-disappoint-cuts-full-year",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T16:17:30.000Z",
  "source": {
    "name": "Winnipeg Free Press",
    "slug": "winnipeg-free-press",
    "url": "https://www.winnipegfreepress.com/business/2026/11/05/gildan-shares-tumble-after-q3-results-disappoint-cuts-full-year-guidance"
  },
  "original_language": "en",
  "account": "Montreal - The stock price of Gildan Activewear Inc. plummeted by 25 percent following the release of disappointing third-quarter results and a revised full-year guidance. The company's shares fell to C$45.12 in early trading on the Toronto Stock Exchange. Gildan, a Montreal-based clothing manufacturer, reported a profit of US$259.4 million or US$1.40 per diluted share for Q3, compared to US$120.2 million or 80 cents per diluted share in the same period last year. Adjusted earnings per diluted share from continuing operations rose to US$1.54, up from US$1.00 per diluted share a year ago. However, Gildan now anticipates revenue between US$5.4 billion and US$5.5 billion for the full year, a decline from the previous range of US$6 billion to US$6.2 billion. Adjusted diluted earnings per share are now projected between $3.70 and $3.80, down from the earlier range of $4.65 to $4.75.",
  "summary": null,
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}