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Article Date: November 2017
Word Count: 383

Hanesbrands Results Gain despite Weak U.S. Market

Profit rose 17% in the quarter ended Sep. 30 to $203,356,000 from $173,858,000 on a 2% increase in sales to $1,799,270,000 compared to $1,761,019,000, with the domestic activewear business up 1% to $519,496,000 against $516,713,000 and operating income up 8% to $79,015,000 vs. $72,962,000. Innerwear sales, hurt by a weak brick-and-mortar environment for Back-to-School, were down 5% to $644,059,000 vs. $679,096,000 with operating profit also down 5% to $141,002,000 compared to $147,902,000. International was the strongest sector with operating profit rising 25% to $76,414,000 against $61,312,000 on 16% sales improvement to $519,496,000 from $478,122,000. Other operating income gained 11% to ... Log in to view full article.


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