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

In What's New, Industry News by Jeff Prine

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, …