HanesBrands Continues to Shrink Wholesale Business in First-Quarter Report

HanesBrands, Winston-Salem, this week reported financial results for the first quarter ended March 31, 2012. The company had a net loss for the quarter of $0.27 per diluted share, and net sales of $1.01 billion, a decrease of 3 percent compared with $1.04 billion a year ago. The results were better than the company's guidance for an EPS loss of up to $0.35 and net sales of approximately $1 billion.