Hanesbrands swings to Q1 profit

Hanesbrands

HanesBrands has swung to a first quarter profit as margins improved on improved cotton cost and product pricing environment.

Hanesbrands to expand Woolwine fabric plant

Hanes

Hanesbrands has revealed plans to double production at its Woolwine, Va factory by adding new knitting machines.

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.

Price increases help HanesBrands top Q2 forecasts

Hanes

Strong growth in its outerwear and international business has helped HanesBrands to a 1.6% rise in second quarter profit, with product price rises helping the T-shirt and underwear maker offset higher input costs. The Winston-Salem, North Carolina base…

HanesBrands buys Australian activewear supplier

Hanes

Basic apparel maker HanesBrands is expanding the reach of its Champion activewear brand in the eastern hemisphere after buying TNF Group Pty Ltd, a major activewear supplier serving leading Australian sportswear retailers, for US$9m.
TNF already sells …

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 […]