Gildan Activewear Inc. Investigation Initiated: Levi & Korsinsky Investigates the Officers and Directors of Gildan Activewear Inc. (GIL)

NEW YORK CITY, NY / ACCESS Newswire / June 17, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into Gildan Activewear Inc. ("Gildan Activewear Inc.") (NYSE:GIL) concerning potential violations of the federal securities laws.

Gildan Activewear investors lost more than 18% of their holdings after Jehoshaphat Research published a report alleging the Company's reported sales were inflated by channel-stuffing practices, with distributors allegedly carrying approximately $510 million in excess inventory.

On April 30, 2026, Gildan reported what it called "record Q1 sales from continuing operations of nearly $1.2 billion, which were up 64% versus last year." The Company's Q1 2026 press release framed an inventory reduction as "proactive." Six weeks later, Jehoshaphat Research, disclosing a short position, alleged that revenue growth was driven not by genuine end-market demand but by channel-stuffing, and that organic growth had actually been negative for years.

The Company's same-day response, delivered by SVP IR & Communications Jessy Hayem, reaffirmed FY-2026 guidance and asserted "confidence in the accuracy and completeness of our disclosures." CEO Glenn Chamandy and CFO Luca Barile had signed certifications in both the FY2025 40-F filed February 26, 2026, and the Q1 2026 6-K filed April 30, 2026, attesting that those filings contained no untrue statements of material fact and did not omit material facts necessary to make the statements not misleading.

If you suffered a loss on your Gildan Activewear Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212)363-7500

Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP