HanesBrands Reports First-quarter 2013 Financial Results
Significant margin improvement as a result of the company's Innovate-to-Elevate initiatives and lower cotton costs.
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"We are pleased with our ongoing strategic execution, which resulted in improved profitability in the first quarter and bolsters our outlook for the rest of the year," said Richard A. Noll, chairman and chief executive officer of Hanes. "Our operating profit margin was strong, our brands are commanding more retail shelf space, and our product innovation is working. We have more margin improvement potential ahead of us."
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- Companies:
- Hanes Printables
- Outer Banks
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