On June 16, 2026, Jehoshaphat Research published a report alleging, among other things, that Gildan “has been stuffing the channel to make revenues look like they’re growing” which has been “cannibalizing future demand and inflating the overall growth trajectory of [the] business.” The report notes that the problem is “obscured by financial engineering” and that the Company “transfers almost half its receivables off-balance sheet.”
Following this news, Gildan’s stock price fell $11.62, or 18.8%, to close at $50.35 per share on June 16, 2026.