Gildan Activewear Narrows Forecasts as Profit Slips

The Wall Street JournalWednesday, October 29, 2025 at 11:29:00 AM
Gildan Activewear Narrows Forecasts as Profit Slips
Gildan Activewear has adjusted its forecasts for the year due to a decline in third-quarter profits, attributed to weaker demand and rising tariff costs. This news is significant as it highlights the challenges the company faces in maintaining profitability amidst changing market conditions, which could impact its future growth and investor confidence.
— Curated by the World Pulse Now AI Editorial System

Was this article worth reading? Share it

Recommended Readings
Caterpillar beats estimates as AI boom drives energy equipment demand
PositiveFinancial Markets
Caterpillar has exceeded market expectations, largely driven by a surge in demand for energy equipment fueled by advancements in AI technology. This growth is significant as it highlights the increasing reliance on innovative solutions in the energy sector, positioning Caterpillar as a key player in this evolving landscape. Investors and industry watchers are optimistic about the company's future prospects, given its ability to adapt and thrive amidst changing market dynamics.
GE HealthCare Tech Profit Slides as Tariffs Drag
NegativeFinancial Markets
GE HealthCare Technologies reported a decline in profits for the third quarter, primarily due to the increased costs associated with tariffs. This situation highlights the ongoing challenges that companies face in navigating international trade policies, which can significantly impact their financial performance. Understanding these dynamics is crucial for investors and stakeholders in the healthcare sector.
Santander’s U.S. Bet Starts to Pay Off as Profit Reaches Record
PositiveFinancial Markets
Santander is celebrating a significant milestone as it reports record profits for the sixth consecutive quarter, driven by its successful expansion efforts in the U.S. This achievement not only highlights the bank's strategic focus on growth in a key market but also reflects the overall health of its operations, making it a noteworthy development in the banking sector.
Santander’s U.S. Bet Starts to Pay Off as Profit Reaches Record
PositiveFinancial Markets
Santander is celebrating a significant milestone as it reports record profits for the sixth consecutive quarter, largely driven by its successful expansion efforts in the U.S. This achievement not only highlights the bank's strategic focus on growth in a competitive market but also reflects the positive impact of its investments and operations in the region, making it a noteworthy development in the banking sector.
Centene Swings to Loss on Writedown
NegativeFinancial Markets
Centene has reported a significant loss in the third quarter, primarily due to increased medical care costs among enrollees in Affordable Care Act plans. This trend highlights the ongoing challenges faced by health insurers as they attempt to return to profitability amidst rising healthcare expenses. Understanding these financial shifts is crucial for stakeholders in the healthcare industry, as they may impact future policy decisions and insurance options for consumers.
Verizon beats estimates for quarterly subscriber additions, profit
PositiveFinancial Markets
Verizon has exceeded expectations in its latest quarterly report, showcasing impressive subscriber growth and increased profits. This is significant as it highlights the company's strong position in the competitive telecommunications market, suggesting that their strategies are effectively attracting and retaining customers.
Smurfit Westrock reports Q3 profit amid challenging demand backdrop
NeutralFinancial Markets
Smurfit Westrock has reported its Q3 profit, showcasing resilience despite a challenging demand backdrop. This financial performance is significant as it highlights the company's ability to navigate market difficulties, which could instill confidence among investors and stakeholders. Understanding how companies like Smurfit Westrock adapt to fluctuating demand is crucial for assessing their long-term viability.
GTCO reports 26% drop in Q3 profit as fair value gains vanish
NegativeFinancial Markets
GTCO has reported a significant 26% drop in its Q3 profit, primarily due to the disappearance of fair value gains that previously bolstered its financial performance. This decline raises concerns about the company's ability to maintain profitability in a challenging economic environment, making it a critical moment for investors and stakeholders to reassess their positions.
Latest from Financial Markets
Mexican President Sheinbaum disagrees with US revoking 13 Mexican airline routes
NegativeFinancial Markets
Mexican President Claudia Sheinbaum has expressed her disagreement with the recent decision by the United States to revoke 13 airline routes operated by Mexican carriers. This move could significantly impact the connectivity and economic ties between Mexico and the US, raising concerns about the implications for travelers and the aviation industry. Sheinbaum's stance highlights the ongoing tensions in cross-border relations and the importance of maintaining robust transportation links.
US pending home sales come in flat in September even as mortgage rates ease
NeutralFinancial Markets
In September, pending home sales in the US remained unchanged, despite a slight easing in mortgage rates. This stability in the housing market is significant as it reflects ongoing challenges for buyers and sellers alike, indicating that while lower rates may help, they are not enough to spur significant movement in sales. Understanding these trends is crucial for potential homeowners and investors as they navigate the current economic landscape.
John Malone Stepping Down as Chairman of Liberty Media, Liberty Global
NeutralFinancial Markets
John Malone, known as the 'Cable Cowboy,' is stepping down as chairman of Liberty Media and Liberty Global but will take on the role of chairman emeritus. This transition is significant as Malone remains a controlling shareholder, ensuring his influence continues in the companies' future direction.
Amazon makes cold move that raises nationwide workplace fears
NegativeFinancial Markets
Amazon's recent decision to implement significant changes in its workplace policies has sparked concerns across the nation, especially as the holiday season approaches. This move raises questions about employee welfare and job security, making many wonder how it will impact the workforce during a critical time of year.
Governments are likely to pillage the $80 trillion ‘Great Wealth Transfer’ to fund their national debts, says UBS
NegativeFinancial Markets
UBS's Paul Donovan warns that the impending $80 trillion 'Great Wealth Transfer' may not be a smooth transition, as governments are likely to intervene and seize this wealth to address their national debts. This situation raises concerns about the potential impact on individuals inheriting wealth, as government actions could significantly alter the financial landscape and personal financial planning.
Obamacare Prices Become Public, Highlighting Big Increases
NegativeFinancial Markets
The recent release of Obamacare prices has revealed significant increases, raising concerns among consumers and policymakers alike. This matters because it could impact millions of Americans who rely on affordable healthcare options, potentially leading to higher out-of-pocket costs and reduced access to necessary medical services.