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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 …