Archived explainer. For the current picture see today's GIL page.
Why Is GILDAN ACTIVEWEAR IN A (GIL) Stock Down Today?
By the Top Tier Newswire AI Desk · November 5, 2026 at 12:30 PM ET · reviewed against 21 wire stories
GILDAN ACTIVEWEAR IN A (GIL) is down -21.45% in the latest session. Our newswire has captured 21 stories on GIL across 7 sources in the last 36 hours, with AI sentiment reading bearish (avg 38/100).
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Gildan Activewear shares fell 21.45% to close at $33.99. The sharp decline followed the release of third-quarter results that missed sales targets and a significant reduction in full-year 2026 guidance. The company cited a rapid change in conditions and macro headwinds as primary drivers for the lowered outlook.
What Happened
Gildan reported third-quarter adjusted earnings per share of $1.54, missing the consensus estimate of $1.60. Sales came in at $1.467 billion, falling short of the $1.633 billion forecast. The company lowered its full-year 2026 adjusted EPS guidance from a range of $4.65 to $4.75 to a new range of $3.70 to $3.80. Sales guidance was also cut from $6.000 billion to a range of $5.400 billion to $5.500 billion. The company withdrew its long-term objectives following the update.
Several law firms have announced securities class action lawsuits against Gildan Activewear and certain of its executives. These firms are urging investors who purchased shares before a June 2026 short report to contact them. The short report alleged roughly $500 million in pulled-forward sales. One firm noted a December 14 deadline for investors to join the class action.
What The Data Shows
The stock opened at $39.30, representing a 9.2% gap down from the prior close of $43.27. The session high was $39.30 at 7:00 AM ET, while the session low reached $31.34 at 9:30 AM ET. Trading volume stood at 4.0 million shares, which is 2.7 times the three-month daily average. The stock printed a fresh 52-week low on November 5, 2026.
Fundamentals show a market cap of $7.5 billion and a P/E ratio of 35.7. Trailing twelve-month revenue increased 41.7%, while the net margin stands at 1.3%. The beta is 1.23 and the dividend yield is 2.45%. The 52-week range is $39.15 to $73.69. Over the last eight sessions prior to the drop, the stock had moved up 7.3% from $40.33 to $43.27.
What To Watch
Investors will monitor the company's response to the securities class action lawsuits and any further updates on its revised full-year 2026 guidance.
AI-assisted analysis composed exclusively from headlines and data on the Top Tier newswire. Public view is delayed 4 hours from real time. Not financial advice.
GIL · today's session (5-min) · -19.07% vs prior close · updated 5:29 PM ETAI sentiment, last 36h · averaged over 21 stories · 38/100 bearish
The headlines behind the move
Story flow · 8 stories on the wire, last 36h · hover or tap a dot for the headline
5h agoBusiness InsiderBEARISH 34General
GIL LAWSIT: Gildan Activewear Investors Should Contact Block & Leviton to Possibly Recover Losses
Boston, Massachusetts--(Newsfile Corp. - November 5, 2026) - Block Leviton reminds investors that a securities fraud lawsuit has been filed against Gildan Activewear Inc. (NYSE: GIL) and certain of its...
6h agoSeeking AlphaBEARISH 34Earnings
Gildan Activewear cuts FY26 outlook on a 'rapid change in conditions'
Gildan stock sank after weak Q3 results and a lowered outlook.
7h agoPR NewswireBEARISH 34General
GIL Investor Alert: Gildan Activewear Inc. Securities Class Action Notice - Contact SueWallSt
Gildan investors who bought before a June 2026 short report alleged roughly $500 million in pulled-forward sales may still seek recovery, even if they have since sold. NEW YORK, Nov. 5, 2026 /PRNewswire/ -- SueWallSt announces that a securities class action has been filed against Gildan...
7h agoThe FlyBEARISH 22General
Gildan Activewear falls -23.7%
7h agoGlobeNewswireBEARISH 34General
GIL Investors Who Lost Money: Dec. 14 Deadline in Gildan Activewear Securities Class Action – Hagens Berman
Investors who lost money in GIL after its stock plunged due to allegedly misleading financial statements are urged to contact Hagens Berman....
Global Industrial price target raised to $45 from $39 at Freedom Broker
11h agoThe FlyBEARISH 34Earnings
Gildan Activewear cuts FY26 adjusted EPS view to $3.70-$3.80 from $4.65-$4.75
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