×
83 790
Fashion Jobs
ADIDAS
Manager Integrated Business Planning
Permanent · Portland
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Rice Lake
KOHLS
Full-Time Sales Supervisor - Softlines
Permanent · Kearney
JCPENNEY
Senior Manager, Creative Operations (Samples And Creative Technology) â€" Marketing
Permanent · Plano
JCPENNEY
p&a Business Analyst - Women's Active
Permanent · Plano
LEVI'S
Senior Business Analyst, Global Distribution
Permanent · Henderson
NIKE
Marketplace Operations Business Analyst
Permanent · Beaverton
NIKE
Director, Retail Brand Marketing Men’s Performance & Lifestyle
Permanent · Beaverton
NIKE
na Retail Brand Marketing Manager Men’s Performance (Running)
Permanent · Beaverton
FOOT LOCKER
sr. Manager of Operations - Distribution Center
Permanent · Camp Hill
TAPESTRY
Manager, Materials
Permanent · New York
ESTÉE LAUDER
Keyholder - Cosmetics Company Store - 20 Hours - Settlers Green Outlets - North Conway, nh
Permanent · Conway
ESTÉE LAUDER
Lead Security Engineer - Enterprise Cybersecurity And Risk
Permanent · New York
GAP INC
Senior Product Manager – Retail Labor Optimization
Permanent · San Francisco
GAP INC
Associate Production Manager- Licensing- Old Navy
Permanent · San Francisco
GAP INC
Senior Asset Protection Manager
Permanent · McLean
NEW BALANCE
sr. Manager, Value Chain Business Operations (Project Management)
Permanent · Lawrence
CENTRIC BRANDS
Account Manager - Amazon
Permanent · New York
CENTRIC BRANDS
Human Resources Business Partner (Hrbp)
Permanent · New York
ULTA BEAUTY, INC.
Regional lp Manager
Permanent · Los Angeles
BANANA REPUBLIC
Asset Protection Service Representative - Bay Ridge
Permanent · New York
BANANA REPUBLIC
General Manager - Burlingame
Permanent · Burlingame
By
Reuters
Published
Apr 21, 2011
Reading time
2 minutes
Share
Download
Download the article
Print
Click here to print
Text size
aA+ aA-

Outerwear sales boost Hanesbrands results; shares rise

By
Reuters
Published
Apr 21, 2011

April 20 - Strong sales of outerwear products such as sport shirts and jackets helped Hanesbrands Inc , better known for its underwear brands, post strong quarterly results and raise its outlook for the year.

Hanesbrands
Hanes - owned by Hanesbrands Inc

Shares of the company, whose brands include Hanes, Champion and Wonderbra, rose 11 percent to their highest in nearly three years.

Hanesbrands -- founded by brothers John Wesley Hanes and Pleasant Hanes in 1901 as a maker of men's underwear -- has been expanding its casual wear business and acquired GearCo, which sells logoed T-shirts and sportswear to college students, last August.

"By delivering the right quality product to retailers and backing it up by significant marketing dollars, the company increasingly opened more avenues for sales," Sterne Agee & Leach analyst Kenneth Stumphauzer said.

Sales from the company's outerwear products rose 23 percent to $330.7 million and operating profit was up nearly five-fold to $25.5 million. Sales at the innerwear segment -- its biggest -- were flat and profit fell 23 percent.

Stumphauzer expects the company's outerwear sales to continue growing strongly in 2011 before moderating next year.

Hanesbrands, which was spun off from Sara Lee Corp in 2006, has been raising prices to offset rising cotton costs.

The company said it had locked in its cotton costs for the year and expected to raise prices further.

Shares of the Winston-Salem, North Carolina-based company were up 10 percent at $31.97 on Wednesday morning. They have risen 15 percent this year through Tuesday.

The company posted a first-quarter profit of $48.1 million, or 49 cents a share, compared with $36.5 million or 37 cents a share, a year ago.

Net sales increased 12 percent to $1.04 billion.

Analysts were expecting earnings of 33 cents a share, before special items, on revenue of $1.01 billion, according to Thomson Reuters I/B/E/S.

(Reporting by Mihir Dalal in Bangalore; Editing by Joyjeet Das and Saumyadeb Chakrabarty)

© Thomson Reuters 2022 All rights reserved.