• Gildan Activewear average gross margin for 2023 was 28.49%, a 7.77% increase from 2022.
• Gildan Activewear average gross margin for 2022 was 30.89%, a 16.57% decline from 2021.
• Gildan Activewear average gross margin for 2021 was 26.5%, a 72.75% increase from 2020.

Gross margin can be defined as a company's total sales revenue minus its cost of goods sold, divided by the total sales revenue, expressed as a percentage.