HanesBrands’ Q3 Up 17%, Raises Guidance

Hanesbrands

HanesBrands is raising its FY guidance for the third time, “despite a continued environment of restrained consumer spending.”

Hanes names CFO, joint COOs

Hanes

HanesBrands has promoted Richard D. Moss to chief financial officer and Gerald Evans Jr. and William Nictakis to co-COO.

Hanesbrands lifts FY guidance on strong Q1

Hanes

WINSTON-SALEM, N.C.—Hanesbrands is raising its full-year guidance after reporting a strong first quarter. Diluted earnings per share for Q1 were up 32 percent to 49 cents. Net sales rose 12 percent to $1.04 billion. Hanesbrands credited its Gear For Sports business (acquired last November) and growth in international business and organic outerwear. The company’s FY […]

Hanesbrands looks to flax as cotton alternative

naturally-advanced

WINSTON-SALEM, N.C.—Hanesbrands, the cotton underwear and basics giant, is seeking cotton alternatives as prices rise, according to a report in the Wall Street Journal. That search has led the company to flax and a 12-year-old Vancouver-based company called Naturally Advanced Technologies (NAT). Hanesbrands signed a 10-year deal with NAT to commercialize the company’s proprietary Crailar […]