The first full quarter with Hanesbrands on the P&L saw the bottom line swing to a net loss from continuing operations of $55.1 million against income of $84.7 million for Q1, while sales surged 64% to $1,165.9 million from $711.7 million. Backing out acquisition impacts, adjusted net income of $80.0 million was down 10% from $89.9 million. Proforma sales dipped 9% from $1.29 billion on planned inventory reductions across channels as manufacturing operations consolidate, which temporarily hurt sell-in. With Hanesbrands Australia held for sale as previously announced, the division is reported ... Log in to view full article.