GIL Investor Alert: Levi & Korsinsky Investigates Gildan Activewear (GIL) for Potential Securities Fraud
Gildan Activewear guided investors toward "record" sales and reaffirmed FY-2026 outlook while an alleged $510 million distributor inventory glut went undisclosed, then shares dropped 18.77%.
Shareholders who held Gildan Activewear (NYSE: GIL) lost nearly 19% of their investment value today after Jehoshaphat Research published allegations that Gildan had been stuffing distributor channels with approximately $510 million in excess inventory, a condition never referenced in the Company's forward guidance or outlook statements. Those who lost money on GIL are encouraged to submit their information to Levi & Korsinsky. You may also contact Joseph E. Levi, Esq. via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500.
Gildan's forward-looking statements painted a picture of sustained growth. On the Q1 2026 earnings call on April 30, 2026, CEO Glenn Chamandy highlighted "record Q1 sales from continuing operations of nearly $1.2 billion." The Company reaffirmed its FY-2026 guidance. Neither the earnings call nor the accompanying 6-K filing referenced the distributor inventory conditions now alleged by the short-seller report. Specifically, Gildan's Q1 2026 press release framed inventory reduction as "proactive" -- with no mention of the approximately $500 million in alleged excess inventory sitting in distributor warehouses.
