Gildan Activewear Pauses Buybacks to Pay Down HanesBrands Acquisition -- Market Talk
Dow Jones
Feb 26
1030 ET - Gildan Activewear says that after buying HanesBrands, the company is at three-times leverage, and that it won't resume share repurchases until it brings down the level by around half. It plans to use the roughly $850 million in free cash flow it expects to generate to delever as quickly as possible, CEO Glenn Chamandy says on an analyst call. "The focus is on delevering. And when we get to around the midpoint of our targeted range of 1.5 times to 2.5 times will then return to buying back stock," Chamandy says, noting that the sale of HanesBrands Australia would also quicken the pace. (adriano.marchese@wsj.com)
(END) Dow Jones Newswires
February 26, 2026 10:30 ET (15:30 GMT)
Copyright (c) 2026 Dow Jones & Company, Inc.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.