Gildan Activewear reports a second-quarter loss of about US$50 million while also reaching an agreement to sell HanesBrands Australia. The Montreal-based apparel company says it has raised its outlook for 2026 despite the quarterly results. In separate reporting, the company’s financial figures point to weaker performance in the quarter that produces the loss, even as management looks ahead to improved conditions later in the year. Both outlets link the outlook update to the company’s broader actions, including the planned sale of HanesBrands Australia as part of its strategic portfolio moves. While the outlets emphasize the $50 million loss in the quarter, they also highlight that the company is providing guidance for 2026 that is higher than previously indicated. The reports align that Gildan is moving forward with the transaction and expects that the change will be reflected as part of its forward-looking plan. Details of the sale structure and timing are not specified in the provided excerpts.