Gildan Activewear Inc. remains under pressure from negative sentiment and operational challenges despite a recent sales boost from the Hanesbrands acquisition. Organic sales are weak, margins are mixed, and elevated leverage has paused share repurchases until debt is reduced, though divestitures should help deleverage. Management expects significant tariff refunds and Hanesbrands integration synergies to temporarily boost margins and free cash flow, with $1B FCF targeted for year-end.