Gildan Activewear reported a 61.1% increase in third-quarter net sales to $1.47 billion, driven by the HanesBrands acquisition, but noted softer-than-expected demand impacting volumes and prices. The company completed the sale of HanesBrands Australia and announced a new share buyback program. Due to changing macroeconomic conditions, Gildan lowered its full-year 2026 revenue and earnings guidance, withdrawing previous long-term targets but remains confident in its business strength and plans to update outlook in spring 2027.
Gildan Activewear's third-quarter results and guidance update provide context for consumer cyclical stocks. For readers following this sector, here is Pluang's market snapshot as of Nov 05, 2026 17:12 WIB: Of 134 US consumer cyclical stocks, 82 rose and 42 fell. Alibaba Group (BABA) rose 5.12% to USD 110.71 with 59% sell orders, Trip.com Group Ltd (TCOM) gained 4.66% to USD 44.68 with 72% sell orders, and Allbirds Inc (BIRD) increased 4.29% to USD 1.70 with 82% buy orders.
Perimeter Group Inc. announced a net income of $304.5 million for Q3 2026, reversing a prior year loss of $90.7 million, with net sales up 24% to $389.9 million. Growth was driven by a 14% increase in Fire Safety sales and an 84% surge in Specialty P...
ACM Research reported a 37% year-over-year revenue increase to $367.7 million in Q3 2026, driven by strong demand in electrochemical plating (ECP) and advanced packaging technologies. The company is expanding manufacturing capacity and global sales e...
Purple has renewed its partnership with Lucid Motors to continue providing WiFi services across Lucid's operations in Riyadh. This renewal ensures that both staff and visitors have secure and easy internet access, supporting Lucid's growing presence ...
Investec Bank Plc, acting as joint broker to SThree Plc, disclosed public dealings involving the purchase and sale of 118,333 ordinary shares each on November 4, 2026. The transactions were conducted within a price range of 295 to 304 per share. Ther...
Investec Bank plc, acting as joint broker for Gamma Communications Plc, disclosed transactions involving nearly one million ordinary shares on November 4, 2026. The bank purchased 999,970 shares at 1098 pence each and sold 962,128 shares at prices be...
