New York, New York--(Newsfile Corp. - November 12, 2026) - Investors who suffered losses on Gildan Activewear Inc. ("Gildan Activewear" or the "Company") (NYSE: GIL) stock may have claims to recover those losses. Faruqi & Faruqi, LLP, a leading national securities law firm, reminds investors that a federal securities class action has been filed on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise acquired Gildan Activewear securities between February 19, 2025 and June 15, 2026, inclusive (the "Class Period"). Investors who wish to serve as lead plaintiff must move the Court no later than December 14, 2026.

Investors with losses on Gildan Activewear securities can contact Faruqi & Faruqi partner Josh Wilson about the Gildan Activewear class action to learn about their legal rights and options.

Key facts for Gildan Activewear investors

• Class Period: between February 19, 2025 and June 15, 2026

• Lead plaintiff deadline: December 14, 2026

• Disclosure: June 16, 2026

• Stock drop: $11.63 per share, or 18.7%

What happened?

On June 16, 2026, Jehoshaphat Research published a report disclosing that Gildan "has been stuffing the channel for several years, persistently and increasingly, resulting in disproportionate outstanding receivables at each successive quarter end," claiming the company's organic growth had been negative for years despite appearing to show revenue growth, and alleging a product overhang worth approximately $500 million. On this news, Gildan's stock price fell $11.63, or 18.7%, to close at $50.34 per share on June 16, 2026.

"Gildan Activewear stock fell 18.7% on June 16, 2026 after the June 16, 2026 disclosure described in the complaint. The complaint alleges that investors bought Gildan Activewear shares during the Class Period without the full picture," said Josh Wilson, a partner at Faruqi & Faruqi, LLP.

What does the complaint allege?

The complaint alleges that the Company and its executives violated federal securities laws by making false and/or misleading statements and/or failing to disclose that: (1) Gildan did not have adequate internal controls; (2) Gildan used channel stuffing to create an appearance of revenue; and (3) as a result, Defendants' statements about Gildan's business, operations, and prospects, were materially false and misleading and/or lacked a reasonable basis at all times.

Next steps for Gildan Activewear investors

Faruqi & Faruqi, LLP is reviewing potential claims on behalf of Gildan Activewear investors. Investors with losses can visit www.faruqilaw.com/GIL or call Faruqi & Faruqi partner Josh Wilson directly at 877-247-4292 or 212-983-9330 (Ext. 1310) to discuss the Gildan Activewear class action.

If you wish to serve as lead plaintiff, you must move the Court no later than December 14, 2026. The court-appointed lead plaintiff is the investor with the largest financial interest in the relief sought by the class who is adequate and typical of class members who directs and oversees the litigation on behalf of the putative class. Any member of the putative class may move the Court to serve as lead plaintiff through counsel of their choice, or may choose to do nothing and remain an absent class member. Your ability to share in any recovery is not affected by the decision to serve as a lead plaintiff or not.

Common questions from Gildan Activewear investors

Who is eligible? Investors who purchased or otherwise acquired Gildan Activewear securities between February 19, 2025 and June 15, 2026 and lost money may have claims, and can contact the firm to learn whether the Gildan Activewear class action affects them.

What is a securities class action? A lawsuit brought on behalf of a group of investors who bought shares at prices alleged to have been inflated by false or misleading statements, in violation of the federal securities laws. The Gildan Activewear class action alleges that the Company and its executives made such statements.

Has a lawsuit been filed? Yes. A federal securities class action has been filed against Gildan Activewear. Investors who wish to serve as lead plaintiff must move the Court by December 14, 2026. Investors who do nothing remain absent class members, and serving as lead plaintiff is not required to share in any recovery.

Does it cost anything to contact the firm? No. Investors who purchased Gildan Activewear securities during the Class Period may contact Faruqi & Faruqi, LLP to discuss their legal rights, potential claims, and the lead plaintiff process at no cost or obligation.

Whistleblower notice

Faruqi & Faruqi, LLP also encourages anyone with information regarding Gildan Activewear's conduct to contact the firm, including whistleblowers, former employees, shareholders and others. Individuals with original information may also consider the SEC Whistleblower Program, which can award whistleblowers 10 to 30 percent of the monetary sanctions collected in a successful SEC enforcement action when those sanctions exceed $1 million.

About Faruqi & Faruqi, LLP

Faruqi & Faruqi is a leading national securities law firm with offices in New York, Pennsylvania, California and Georgia. The firm has recovered hundreds of millions of dollars for investors since its founding in 1995. See www.faruqilaw.com.

Related links

• Gildan Activewear class action, Faruqi & Faruqi, LLP

• Gildan Activewear Inc. SEC filings index, EDGAR

• SEC Whistleblower Program

• Faruqi & Faruqi, LLP

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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/323583

Source: Faruqi & Faruqi LLP