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On Wednesday, Winston-Salem, North Carolina-based HanesBrands held its third-quarter earnings conference call. The company reported strong third-quarter earnings growth of 44 percent on record margins and a 5 percent sales increase.
The company reported net sales for the quarter as $1.23 billion, a five percent increase from the same period 2010. Net income saw a substantially higher increase at $90.8 million, over $61.3 million a year ago. HanesBrands attributed the earnings growth to strong segment operating profitability: innerwear was up 44 percent, outerwear up 45 percent, and direct-to-consumer up 16 percent.
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- Hanes Printables
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