Net income was $28,056,000 against a loss of $1,082,000 in the fourth quarter ended Jan. 1. Revenues were 16% higher at $1,149,659,000 versus $988,739,000. The Gear For Sports acquisition, completed Nov. 1, added four percentage points of sales growth in Q4. Outerwear segment sales rose 31% to $365.3 million in the final period, but the unit had an essentially flat operating profit of $21.0 million. The company said it had across-the-board strength in Champion retail activewear, Just My Size retail casualwear and Hanes wholesale casualwear.

For the full year, HBI produced net income of $211,293,000 against $51,283,000 on 11% improvement in ... Log in to view full article.