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Awards

Top 40 Suppliers 2023: No. 5 Gildan

Counselor’s exclusive ranking of the suppliers with the most revenue in the promotional products industry.


Gildan

(asi/56842)
Company Snapshot

Revenue figures are in $millions

Previous Rank: New
2022 Revenue: $762.2 (Estimate)
2021 Revenue: $652.5
Year-Over-Year Difference: 16.8%
2020 Revenue: $624.0
2019 Revenue: $624.0
Top Company Officer: Glenn Chamandy, CEO
Year Founded: 1984
Headquarters: Montreal, QC

With a renewed emphasis on the ASI marketplace, Gildan returns to the Top 40 list. Counselor estimates that Gildan’s North American promo sales increased nearly 17% to $762.2 million last year ($3.24 billion total company sales).

A supplier and a vertically integrated manufacturer of apparel basics, Gildan has continued its industry leadership on sustainability. Evidencing that: Corporate Knights named Gildan one of the worlds’ 100 most sustainable corporations this year and the firm released a disclosure report detailing a number of plans, including reducing Scope 1 and Scope 2 greenhouse gas emissions 30% by 2030 (compared to a 2018 baseline), sourcing 100% sustainable cotton by 2025 and achieving zero manufacturing waste by 2027.

Total company sales declined year over year on a quarterly basis in Q1 2023, but the publicly traded firm believes that revenue will ultimately rise in the low single-digit percentage range for the full year.