{"id":973754,"date":"2026-06-18T14:09:16","date_gmt":"2026-06-18T18:09:16","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss\/"},"modified":"2026-06-18T14:09:16","modified_gmt":"2026-06-18T18:09:16","slug":"gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss\/","title":{"rendered":"Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company\u2019s Business Practices And Potentially Improper Revenue Recognition &#8212; HBSS"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"left\">SAN FRANCISCO, June  18, 2026  (GLOBE NEWSWIRE) &#8212; Gildan Activewear (<strong>NYSE: GIL<\/strong>) investors saw the price of their shares in the activewear apparel company tumble over 18% on June 16 after Jehoshaphat Research published a critical forensic research report accusing Gildan of having engaged in improper channel stuffing. This news wiped out $2.15 billion from the company\u2019s market capitalization.<\/p>\n<p align=\"left\">These developments have prompted national shareholder rights firm Hagens Berman to open an investigation into whether Jehoshaphat\u2019s allegations are accurate and, if so, whether Gildan may have violated the federal securities laws.<\/p>\n<p align=\"left\">The firm encourages Gildan investors who purchased shares on the NYSE only and suffered substantial losses to <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AT3uxecDr0Ar2o1ZG7u5MabjheIa9f04W8YQoVGexiiu3FHS3f-YMCA8VFgp8XnPtVe6-Gyxgykpz_d7RkU400QzhiJxsSskiRhyq9d4GlXscNscHslyRwGJYBe2EHd2\" rel=\"nofollow\" target=\"_blank\">submit your losses now<\/a>. The firm also encourages persons with knowledge about Gildan\u2019s sales practices to contact the firm\u2019s attorneys.<\/p>\n<table style=\"border-collapse: collapse;width:100%;border-collapse:collapse\">\n<tr>\n<td colspan=\"2\" style=\"vertical-align: top\">\n            <strong>Visit:<\/strong><br \/>\n            <a href=\"http:\/\/www.hbsslaw.com\/investor-fraud\/gil\" rel=\"nofollow\" target=\"_blank\">www.hbsslaw.com\/investor-fraud\/gil<\/a>\n          <\/td>\n<\/tr>\n<tr>\n<td style=\"max-width:20%;width:20%;min-width:20%;vertical-align: top\">\n            <strong>Contact the Firm Now:<\/strong>\n          <\/td>\n<td style=\"max-width:80%;width:80%;min-width:80%;vertical-align: top\">\n            <a href=\"mailto:GIL@hbsslaw.com\" rel=\"nofollow\" target=\"_blank\">GIL@hbsslaw.com<\/a><br \/>\n            <br \/>844-916-0895<\/td>\n<\/tr>\n<tr>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<td style=\"vertical-align: top\">\u00a0<\/td>\n<\/tr>\n<\/table>\n<p align=\"left\">\n        <strong>Gildan Activewear Inc. (GIL) Investigation:<\/strong>\n      <\/p>\n<p align=\"left\">Gildan consistently has assured investors that its financial statements comply with applicable accounting rules, including those governing proper revenue recognition.<\/p>\n<p align=\"left\">The company\u2019s assurances may have come into question on June 16, 2026. That day, Jehoshaphat Research published a critical short report, \u201cSTUFFING ALL OF THE CHANNEL SOME OF THE TIME?\u201d Jehoshaphat said it compiled \u201cfield evidence\u201d consisting of interviews with former employees, customers, or distributors that, in part, led the firm to conclude Gildan has engaged in improper channel stuffing and revenue recognition.<\/p>\n<p align=\"left\">The sources reportedly \u201cdescribed some version of GIL \u2018asking for help\u2019 from or even \u2018compel[ling]\u2019 its customers to pull forward sales at quarter-ends, including by offering extreme payment terms[.]\u201d The firm\u2019s sources also reportedly \u201cdescribed a practice in which GIL is understood to be providing product to distributors &amp; customers but not requiring payment until after the customer has resold it.\u201d <br \/>Jehoshaphat also reported that a former Gildan employee divulged that \u201c[i]f there was a sense that we might not hit the sales numbers that we had communicated to the market, the sales team would offer incentives to the distributors to take on more weeks of supply than they normally had, or rebates at the end of the quarter, or more favorable payment terms[]\u201d and \u201c[t]hese are all mechanisms that were used to compel the distributors to bring forward some purchases.\u201d<\/p>\n<p align=\"left\">\u201cOur investigation is focused on whether Jehoshaphat\u2019s analysis is accurate and, if so, whether Gildan has engaged in improper revenue recognition practices,\u201d said <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=PInGVKGuYUXN4nVVx7XneU5cyEqHzvCrZGRaWOGHR3O8jESZ7dBuJfM9OQvyNbR-oKaRiZ2mEiOWU_UUlzWM2C0oh9P7k1E47o3rF1sahv_Q-QqW5jcEpBYdTa6mpPae\" rel=\"nofollow\" target=\"_blank\"><strong>Reed Kathrein<\/strong><\/a>, the Hagens Berman partner leading the firm\u2019s investigation.<\/p>\n<p align=\"left\">If you invested in Gildan on the NYSE and have substantial losses, or have knowledge that will assist the firm\u2019s investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=AT3uxecDr0Ar2o1ZG7u5MabjheIa9f04W8YQoVGexijU1M-k9zXYHLxQ-VeG2eL9JLgWuvzSieQXG3o3jaXC6g_x2-gZNnEawr95JfT8VRwULOHG2jkO0y3e1gfHdeiD\" rel=\"nofollow\" target=\"_blank\"><strong>submit your losses now<\/strong><\/a> \u00bb<\/p>\n<p align=\"left\">If you\u2019d like more information and answers to other frequently asked questions about the firm\u2019s Gildan investigation, <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=fcvPpQ300fze6t8j829egfwZiHL0i20khMnRy9X1rcRWAdY9P_HfbpF0dALzWw6Upy1E8cpQXy-3lWetBWNHHd8ARGlJ4JJUAmfXTbz86HfPl2Pkc_xUb8Ub7p3fO1Ub1DmyjwwI5-kaBZTBveQXoA==\" rel=\"nofollow\" target=\"_blank\"><strong>read more<\/strong><\/a><a href=\"https:\/\/www.globenewswire.com\/Tracker?data=xptPmf58yGOGLN_5-GtE7T6JQO6vKsgxcwNvFJIetBScyV9YkIlMxgONuaLfe9Q7GixV_neByQ9I2Ao01VovbPrvqFXIhBKExoEjpdYP312nm6xQFB75IFhja7NFBpWepGCKw6WtKyOdR_5PI3OSPg==\" rel=\"nofollow\" target=\"_blank\"> \u00bb<\/a><\/p>\n<p align=\"left\">\n        <strong>Whistleblowers: <\/strong>Persons with non-public information regarding Gildan should consider their options to help in the investigation or take advantage of the SEC Whistleblower program. Under the new program, whistleblowers who provide original information may receive rewards totaling up to 30 percent of any successful recovery made by the SEC. For more information, call Reed Kathrein at <strong>844-916-0895<\/strong> or email <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=WNl6-tikX7wJrICbqQ_M2yRauAN_YB8t86lgPWWNizJ3hC858VqpuCvhrDw31rw3A0R3ozMAZBnLws_cuHQlixu5NHawmzbDmADrBV9rJ7A=\" rel=\"nofollow\" target=\"_blank\">GIL@hbsslaw.com<\/a>.<\/p>\n<p align=\"left\">\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=_vHqI5luYVdvsmyZoYpBuIM64W4_ztBHCiF3bk65rPkOyN9MJk6tu8f5wobBYwypIn9vawR8mGH6lZ_ICbPjbkxbAvNCqf1dczN1jnnwtg0=\" rel=\"nofollow\" target=\"_blank\">About Hagens Berman<\/a><br \/>\n        <br \/>Hagens Berman is a global plaintiffs\u2019 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\u2019s team has secured more than $2.9 billion in this area of law. More about the firm and its successes can be found at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=-abny-_5PbTxeaKXQyXugkJw4d8Cx_8FwQicuN3cJ857WysEOdV7xO00deNIJSorARWKncNXDMfM4-VLOc1iNQ==\" rel=\"nofollow\" target=\"_blank\">hbsslaw.com<\/a>. Follow the firm for updates and news at\u00a0<a href=\"https:\/\/www.globenewswire.com\/Tracker?data=KphUxtIrYZftdoiu_fp5_SdPwcfD7y54cPspzygmi-FGEpI6ni7m8eXoJ-uUNDBT_0kWWbCzbClPjbMXOnaMEhsS0RAW975hEWN2bUlA_zUwA1lHtysdGDikCcqn5M4M\" rel=\"nofollow\" target=\"_blank\">@ClassActionLaw<\/a>.\u00a0<\/p>\n<p align=\"left\">\n        <u>Contact: <\/u><br \/>\n        <br \/>Reed Kathrein, 844-916-0895<\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0OTQ0MSM3NjY4ODk3IzIwMTg1MzI=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/YjVmZGY4NWEtYjAyNi00MjFkLTgzNTYtMTdmMWJjYWQyN2NhLTEwMzAxMDUtMjAyNi0wNi0xOC1lbg==\/tiny\/Hagens-Berman-Sobol-Shapiro-LL.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>SAN FRANCISCO, June 18, 2026 (GLOBE NEWSWIRE) &#8212; Gildan Activewear (NYSE: GIL) investors saw the price of their shares in the activewear apparel company tumble over 18% on June 16 after Jehoshaphat Research published a critical forensic research report accusing Gildan of having engaged in improper channel stuffing. This news wiped out $2.15 billion from the company\u2019s market capitalization. These developments have prompted national shareholder rights firm Hagens Berman to open an investigation into whether Jehoshaphat\u2019s allegations are accurate and, if so, whether Gildan may have violated the federal securities laws. The firm encourages Gildan investors who purchased shares on the NYSE only and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge about &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company\u2019s Business Practices And Potentially Improper Revenue Recognition &#8212; HBSS&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-973754","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.8 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Gildan Activewear Inc. 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The firm also encourages persons with knowledge about &hellip; Continue reading &quot;Gildan Activewear Inc. 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(GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company\u2019s Business Practices And Potentially Improper Revenue Recognition - HBSS - Market Newsdesk","og_description":"SAN FRANCISCO, June 18, 2026 (GLOBE NEWSWIRE) &#8212; Gildan Activewear (NYSE: GIL) investors saw the price of their shares in the activewear apparel company tumble over 18% on June 16 after Jehoshaphat Research published a critical forensic research report accusing Gildan of having engaged in improper channel stuffing. This news wiped out $2.15 billion from the company\u2019s market capitalization. These developments have prompted national shareholder rights firm Hagens Berman to open an investigation into whether Jehoshaphat\u2019s allegations are accurate and, if so, whether Gildan may have violated the federal securities laws. The firm encourages Gildan investors who purchased shares on the NYSE only and suffered substantial losses to submit your losses now. The firm also encourages persons with knowledge about &hellip; Continue reading \"Gildan Activewear Inc. (GIL) Shares Tumble 18% Amid Activist Forensic Report Challenging Company\u2019s Business Practices And Potentially Improper Revenue Recognition &#8212; HBSS\"","og_url":"https:\/\/www.marketnewsdesk.com\/index.php\/gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss\/","og_site_name":"Market Newsdesk","article_published_time":"2026-06-18T18:09:16+00:00","og_image":[{"url":"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTc0OTQ0MSM3NjY4ODk3IzIwMTg1MzI=","type":"","width":"","height":""}],"author":"Newsdesk","twitter_card":"summary_large_image","twitter_misc":{"Written by":"Newsdesk","Est. reading time":"3 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss\/#article","isPartOf":{"@id":"https:\/\/www.marketnewsdesk.com\/index.php\/gildan-activewear-inc-gil-shares-tumble-18-amid-activist-forensic-report-challenging-companys-business-practices-and-potentially-improper-revenue-recognition-hbss\/"},"author":{"name":"Newsdesk","@id":"https:\/\/www.marketnewsdesk.com\/#\/schema\/person\/482f27a394d4fda80ecb5499e519d979"},"headline":"Gildan Activewear Inc. 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