HanesBrands reported third-quarter net sales increased 3 percent, earnings per diluted share for continuing operations increased 31 percent to $1.11, and free cash flow totaled $287 million.
HanesBrands announced today that it intends to redeem the final $147.1 million of its Floating Rate Senior Notes due 2014, which will complete the retirement of approximately $300 million of floating-rate bond debt as planned in 2012.
HanesBrands, the apparel supplier based in Winston-Salem, N.C., announced today that it has negotiated an amendment to its revolving loan facility credit agreement that reduces borrowing costs and extends the revolver's maturity date.
IBISWorld has released its updated list of the fastest growing and dying industries in America, and we're comparing it to the 2011 edition to see what it says about our economy.
HanesBrands announced Wednesday morning that it will narrow the focus of its worldwide imagewear business, which sells basic apparel to wholesalers in the screen-print market. The company is announcing the sale of its European imagewear division and, in the United States, the exit from the private-label category and the planned divestiture of its Outer Banks brand.
This week, HanesBrands reported financial results for the first quarter ended March 31, 2012, confirming a statement made in February that the company is working to decrease its presence in the wholesale apparel industry.
The U.S. Environmental Protection Agency (EPA) has awarded HanesBrands with the highly coveted Energy Star Sustained Excellence Award as a 2012 Energy Star Partner of the Year, the company's third consecutive partner for the year honor.
HanesBrands reported its financial results for the fourth quarter and fiscal year ended Dec. 31, 2011. Citing competitive pricing and record cotton costs, the company said it would reduce its presence in the promotional market in 2012.
Apparel manufacturer HanesBrands will host a live Internet audio webcast of its 2011 fourth-quarter investor conference call today at 4:30 p.m. EST.