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Despite Acquisition Costs, Hanesbrands Q1 Profit Beats Estimate

In Industry News, What's New by Jeff PrineLeave a Comment

Winston-Salem, NC—Though sales in its activewear division lead by Champion helped Hanesbrands first quarter results, expenses relating to its purchase of Maidenform, hit the company’s profit, pushing it down 19%. But adjusted earnings beat expectations and sales trends lead Hanesbrands to raise its earnings outlook. Sales Boost from Maidenform For …

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HanesBrands Q4 Profit Drops 60% on Acquisition Costs, Raises Forecast

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Winston-Salem, NC—Although HanesBrands reported Wednesday afternoon that its fourth quarter profit was down some 60%–weighed down by acquisition costs—the apparel and hosiery company still beat expectations. HanesBrands also increased its earnings forecast. For the quarter ended Dec. 28, HanesBrands posted net income of $32.3 million, or 32 cents a share, …

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Hanesbrands Completes $583 Million Purchase of Maidenform

In Industry News, What's New by Jeff PrineLeave a Comment

Winston-Salem, NC—Hanesbrands Inc. said today that it had completed its purchase of Maidenform Brands Inc. for $583 million, an acquisition that is expected to add growth and cost-savings. Maidenform will greatly add to Hanesbrands’ intimate apparel brands that include Playtex, Bali, Barely There and Wonderbra. Among Maidenform brands are Maidenform, …