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Article Date: August 2017
Word Count: 163

Mixed Results for Hanes Activewear in Q2


Although acquisitions helped grow the top line 1% to $379,756,000 from $374,511,000 for the second quarter ended Jun. 30, the retail bankruptcies in the U.S. market hurt sales and were blamed for a 10% decline in operating profit for the period to $49,630,000 from $55,009,000. Champion last year had a major program with Sports Atrocity and likely had already made goods for Q2 that were shipped as part of the liquidation efforts and paid for with the DIP facility. However, strong ... Log in to view full article.

 


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