HanesBrands news and archive

HanesBrands Q3 net sales rise 3 percent

American maker and retailer of basic apparel HanesBrands said on Thursday its Q3 net sales for 2018 rose by 3 percent. The company’s net sales in Q3 2018 were 1.85 billion US dollars, up from 1.79 billion US dollars a year earlier. Net income fell to 171 million US dollars. The profit margin of the company fell to 9.2 percent compared to 11.3...

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HanesBrands declares quarterly cash dividend

HanesBrands’ board of directors has declared a regular quarterly cash dividend of 0.15 dollar per share to be paid December 4, 2018, for stockholders of record at the close of business November 13, 2018. The company said in a statement that this declared cash dividend will be the 23rd consecutive quarterly return of cash to stockholders. The...

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HanesBrands Q2 profits fall 18.5 percent

HanesBrands said on Wednesday its Q2 net profit for 2018 fell by 18.5 percent, while revenues increased by 4.2 percent from the same period last year. For the first six months, the company's net income declined 9.5 percent to 220 million dollars), while net sales increased 5.3 percent to 3,186.9 million dollars. Hover over the graph to learn...

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HanesBrands appoints Geralyn Breig to its board of directors

HanesBrands has appointed Geralyn R. Breig to the company’s board of directors. With the appointment of Breig, whose term runs until the 2019 annual meeting of stockholders, the company said, Hanes board now has 11 members. The company added that she will serve on the board’s audit committee. “Geralyn’s successful track record of transforming...

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HanesBrands declares quarterly cash dividend

HanesBrands’ board of directors has declared a regular quarterly cash dividend of 0.15 dollar per share to be paid September 5, 2018, for stockholders of record at the close of business August 14, 2018. The company said that this declared cash dividend will be the 22nd consecutive quarterly return of cash to stockholders. The company has...

Business |IN DEPTH Featured

A closer look at the fashion companies that made this year’s Fortune 500 list

Walmart has topped Fortune magazine’s list of the 500 most valuable companies in the US once more. 16 other fashion retailers have also made the list, but none of them are newcomers. FashionUnited takes a closer look at the most recent developments to stem from these companies. Walmart - 1 Several businesses are being removed from Walmart’s...

Management

Hanes reaffirms Q2 and FY18 outlook, appoints Group President, Global Activewear

Ahead of its investor day meet at its Winston-Salem headquarters, Hanes has reaffirmed its second-quarter 2018 and full-year 2018 guidance issued May 1, 2018. The company continues to expect full-year net sales of 6.72 billion dollars to 6.82 billion dollars, GAAP operating profit of 870 million dollars to 905 million dollars, adjusted operating...

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HanesBrands posts 7 percent net sales increase in Q1

HanesBrands, for the quarter ended March 31, 2018, reported net sales growth of 7 percent to 1.47 billion dollars versus a guidance range of 1.42 billion to 1.44 billion dollars. The company said, GAAP diluted earnings per share for continuing operations increased 16 percent to 0.22 dollar compared with guidance of 0.17 to 0.20 dollars, and...

Retail

Streetwear label Champion arrives on La Brea

Champion just arrived at a new location in Los Angeles. As the streetwear label has made a comeback recently, the brand has officially opened its first U.S. store. The location was chosen due to the city's reputation with established brands. The label has been gaining popularity recently through digital media as well as brand presence. The new...

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HanesBrands completes acquisition of Bras N Things

HanesBrands has completed the acquisition of Bras N Things, a specialty retailer and online seller of intimate apparel in Australia, New Zealand and South Africa. The company said, Bras N Things, which had net sales of approximately 180 million Australian dollars (144 million dollars) in 2017, will be managed as part of the Hanes Australasia...

ManagementFeatured

HanesBrands FY17 net sales increase 7 percent

HanesBrands reported full-year net sales growth of 7 percent to 6.47 billion dollars and fourth-quarter net sales increase of 4 percent to 1.645 billion dollars. Organic sales, the company said, increased 2 percent in constant currency in the fourth quarter. Hanes however reported net loss of 384.6 million dollars for the fourth quarter while...

ManagementFeatured

HanesBrands returns to organic revenue growth in Q3

HanesBrands has said that its net sales for the third quarter ended September 30, 2017, of 1.80 billion dollars increased 2 percent, driven by double-digit international segment growth. The company added that domestic sales were affected by apparel’s weaker-than-expected back-to-school retail environment, although it held share for innerwear...