07:33 AM EDT, 07/31/2025 (MT Newswires) -- Gildan Activewear ( GIL ) on Thursday said second-quarter adjusted earnings and net sales advanced, beating estimates.

Adjusted net earnings, which excludes most one-time items, increased 17% to US$145.9 million, or US$0.97 per diluted share, from US$124.7 million, or US$0.74 per diluted share, in the prior year period. The result beat the consensus analyst estimate of US$0.95 per share, according to FactSet.

Net sales rose 6.5% to US$918.5 million, in line with Gildan's guidance of mid-single digit growth, and also beating the US$905.1 million forecast. Canada posted the biggest increase in sales (16.5%), followed by 8.1% increase in the U.S., while international sales fell 14.1%.

The company reaffirmed its revenue growth target for 2025 to be up mid-single digits, and tweaked its adjusted earnings per share range to US$3.40 - US$3.56, from the previous US$3.38 - US$3.58.

It added that net sales are expected to be up low single digits in the third quarter, reflecting a timing shift of orders from the third quarter into the second quarter, and partly into the fourth quarter.

Gildan will pay a dividend of US$0.226 per share, on Sept. 15.