Gildan posted revenue of $3.2 billion last year, down 1.4% from 2022, according to the company’s earnings report last month. Net income was $533.6 million, down 1.5% from 2022.

Shares of Gildan Activewear Inc. jumped on Tuesday following a report that the T-shirt maker had been put up for sale, marking the latest drama over the company’s leadership plans.