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By
Fibre2Fashion
Published
Nov 3, 2016
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HanesBrands third-quarter sales up 11%

By
Fibre2Fashion
Published
Nov 3, 2016

For the third fiscal quarter ended October 1, 2016, net sales at HanesBrands, a global marketer and retailer of apparel and innerwear rose 11 per cent year over year to $1.76 billion.

The growth in sales was driven by organic growth in the innerwear segment and strong acquisition related global growth, partially offset by declines in the activewear segment.



Hanesbrands sees quarterly sales gain 11% on innerwear surge


Operating profit on a GAAP basis amounted to $228 million in the reporting quarter, up 10 per cent, while diluted earnings per share (EPS) from continuing operations grew 13 per cent at $0.45.

When excluding pretax charges related to acquisitions and integrations, the retailer reported adjusted operating profit of $271 million and adjusted EPS from continuing operations of $0.56 in the third quarter of fiscal 2017.

According to HanesBrands, the results reflect continuing operations and exclude around $43 million of pretax charges taken in both the third quarter of fiscal 2016 and 2017 related to acquisitions and other actions. 
 

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