15:45:58 EDT Fri 31 Jul 2026
Enter Symbol
or Name
USA
CA



Gildan Activewear Inc
Symbol GIL
Shares Issued 185,188,880
Close 2026-07-30 C$ 73.37
Market Cap C$ 13,587,308,126
Recent Sedar+ Documents

Globe/CP say Gildan expects $220M (U.S.) tariff refund

2026-07-31 08:18 ET - In the News

The Globe and Mail reports in its Friday edition that President Donald Trump's overturned tariffs will likely put $220-million (U.S.) back into Gildan Activewear's coffers, but the cash probably won't trickle down to customers. A Canadian Press dispatch to The Globe reports that Gildan revealed how much money it's expecting to recoup Thursday. United States authorities collected funds from a 10-per-cent global tariff on certain imports introduced by Mr. Trump last year. The Supreme Court deemed these duties unconstitutional in February, resulting in refunds for affected businesses. Gildan said its refund is unlikely to reach customers since it didn't raise prices as much as possible during rising costs and tariffs. "The price of cotton, energy has gone up, labour is going up, so there's a lot of structural inflation still in the environment," chief executive officer Glenn Chamandy said on a call with analysts. "So I would say that we don't see any movement necessarily on structural price changes as we go forward." Instead, the company will take a "significant" portion of its tariff refund and reinvest it in the business. The money will support brand building, marketing, product innovation and packaging improvements.

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