GIL Investors Who Lost Money: Dec. 14 Deadline in Gildan Activewear Securities Class Action – Hagens Berman

Lawsuit alleges channel stuffing inflated Gildan’s reported sales; stock fell 18.75% in one day after a June 16, 2026 short-seller report

SAN FRANCISCO, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Did you buy Gildan Activewear Inc. (NYSE: GIL) stock between Feb. 19, 2025 and June 15, 2026? Hagens Berman, a national trial law firm focused on securities fraud and shareholder rights, alerts investors that a securities class action has been filed in federal court on behalf of investors who bought GIL shares during that period.

If you bought GIL on the NYSE during that period and lost money, submit your GIL losses. Submitting is free and takes a couple of minutes. The firm reviews every submission and follows up, and you do not need to serve as Lead Plaintiff to remain a member of the class.

• Class Period: Feb. 19, 2025 – June 15, 2026
• Lead Plaintiff Deadline: Dec. 14, 2026 (39 days away)
• Eligible shares: Purchased on the NYSE
• Visit: www.hbsslaw.com/gil
• Contact the Firm: GIL@hbsslaw.com | 844-916-0895
  
  

WHAT HAPPENED TO GIL STOCK?

On June 16, 2026, activist short seller Jehoshaphat Research published a forensic report accusing Gildan of channel stuffing and aggressive early sales recognition. GIL shares fell $11.62, or 18.75%, to close at $50.35 that day on heavy volume.

WHAT THE LAWSUIT ALLEGES

The complaint alleges that, during the Class Period, Gildan and certain executives made false or misleading statements about the company’s financial condition, internal controls and the true drivers of its sales growth. Specifically, it alleges the defendants concealed that:

1. Gildan pushed excess inventory onto wholesalers and distributors to inflate reported sales and organic growth;
2. Revenue growth came from unsustainable inventory pull-forwards rather than real market share gains; and
3. Disclosures tied to Gildan’s acquisition of HanesBrands overstated expected synergies and growth while concealing elevated Days Sales Outstanding and distributor saturation.
   
   

“Our investigation is focused on whether Gildan may have engaged in improper sales and revenue recognition practices,” said Reed Kathrein, the Hagens Berman partner leading the firm’s investigation.

WHAT GIL INVESTORS CAN DO NOW

Investors who bought GIL stock during the Class Period and lost money may ask the court to appoint them Lead Plaintiff by Dec. 14, 2026.

• Submit your GIL losses »
• Or contact Reed Kathrein directly at 844-916-0895 or GIL@hbsslaw.com.
  
  

Former HanesBrands shareholders: If you received Gildan shares when Gildan acquired HanesBrands in December 2025, report your holdings to the firm.

Whistleblowers: Anyone with non-public information about Gildan should consider assisting the investigation or the SEC Whistleblower program, which can reward those who provide original information with up to 30% of a successful SEC recovery. Call Reed Kathrein at 844-916-0895 or email GIL@hbsslaw.com.

About Hagens Berman

Hagens Berman is a global plaintiffs’ rights complex litigation firm focusing on corporate accountability. The firm is home to a robust practice and represents investors as well as whistleblowers, workers, consumers and others in cases achieving real results for those harmed by corporate negligence and other wrongdoings. Hagens Berman’s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at hbsslaw.com. Follow the firm for updates and news at @ClassActionLaw. 

Attorney Advertising. Prior results do not guarantee a similar outcome in any future case.

Contact: Hagens Berman, Reed Kathrein, 715 Hearst Avenue, Suite 300, Berkeley, CA 94710, 844-916-0895, GIL@hbsslaw.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/453b7e2b-1137-4178-94e6-12011adb1e94

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