Gildan Earnings: Printwear Drives Solid Results Despite Tariff Uncertainty; Shares Fairly Valued

Gildan's second-quarter sales rose 6.5% as 11.6% growth in activewear (89.5% of total) more than offset a 23.3% decline in the firm's struggling hosiery and underwear segment (10.5%). Adjusted gross and operating margins were strong at 31.5% (up 110 basis points) and 22.7% (flat), respectively.