Investing
Gildan (GIL) Stock Falls 23% After Q3 Results
Gildan stock fell 23.0% on November 5, 2026 after Gildan Activewear reported its third quarter results and updated its full year 2026 guidance.
Gildan stock fell 23.0% in early trading on November 5, 2026, after Gildan Activewear reported third quarter results and updated its full year 2026 guidance, which is the company's own forecast for the year. That figure was recorded about half an hour into the regular session and can change before the close.
What Gildan reported
Gildan published the release, titled "Gildan Reports Third Quarter Results and Updates its Full Year 2026 Guidance", through Globe Newswire. It paired the quarter's results with an updated outlook for the rest of 2026 rather than leaving its earlier forecast in place.
Why the stock fell 23.0%
The drop was nearly nine times the size of a typical day's swing for the shares, making it an extreme move by the stock's own standards. The two parts of the release most plausibly behind the selling are the third quarter results and the change to full year guidance. The shares were already down by that much within the first half hour of trading on the news.
What to watch next
-
How the updated full year 2026 guidance plays out over the rest of the fiscal year
-
Gildan's next quarterly earnings report
-
Where the shares finish when the November 5 session closes
FAQ
When did Gildan release its third quarter results?
The release came out at 6:15 a.m. New York time on November 5, 2026, before the New York Stock Exchange opened for regular trading.
How big a company is Gildan?
Gildan is an apparel manufacturer in the consumer cyclical sector, listed on the NYSE under the ticker GIL, with a market value of about $8.7 billion.
Sources
This article is for information only and is not investment advice.