You Tube

Skip Navigation LinksHome > Industry News
SHARE & BOOKMARK
FaceBook Twitter Delicious Digg LinkedIn

Hanesbrands Posts 12% Sales Increase

(7/24/2014)

Keyed by a combination of acquisitions, activewear sales and operational efficiencies, North Carolina-based HanesBrands (asi/59528) has announced total revenues for the quarter ended June 28, 2014, increased 12% to $1.34 billion. Operating profit jumped 27% to $231 million, and adjusted diluted EPS rose 44%. Gross margin also nudged higher to 37.6%, up from 36.3%.

“Our record first-half results are a testament to the value we are creating through our Innovate-to-Elevate, self-owned supply chain, and acquisition strategies,” said Richard A. Noll, CEO of Hanes. “We remain confident in our business model and our performance momentum.”

Hanes’ acquisition of Maidenform Brands, Inc., last October contributed mightily to its second-quarter results, adding $141 million in sales. Excluding the Maidenform totals, net sales increased nearly 1% year-over-year. The company said it was on track, as well, with its integration of Maidenform Brands. Hanes also announced during the quarter that it intends to acquire DBApparel, a European marketer of intimate apparel, hosiery and underwear that used to be a sister division to Hanes under previous corporate ownership.

Each Hanesbrands’ business segment saw Q2 sales growth. Activewear posted net sales increases of 8% in the quarter and 9% for the first half of the year. The segment, which includes retail, branded printwear and the company’s Gear for Sports business, saw increased channel penetration and leveraging of its supply chain through higher internalized production. Operating profit for activewear grew 23% in the quarter and 33% for the first half of 2014. Innerwear net sales also rose 15% during Q2.

On the strength of its second-quarter results, the company has raised its adjusted EPS, adjusted operating profit and net cash outlook from operating activities. Hanes is now forecasting 2014 sales of $5.075 billion, with earnings of 5.20 to $5.40 a share.



Sponsored By:

Making You Money: What ASI is all about.

Promotional products, also known as ad specialties, make up a $20.5 billion dollar industry and are used by virtually every business in America. Why? Items like mugs, pens and t-shirts are memorable and provide a better cost per impression for advertisers than almost every major marketing effort like prime time TV, magazines and radio.

With so many businesses buying ad specialties there is a huge opportunity for professionals looking to make great money running a promotional products distributorship. It’s easy and inexpensive to get started and you can work from home.

© 2014, The Advertising Specialty Institute®. All Rights Reserved.

  • A business opportunity to reinvent your career in an exciting field
  • Work at home - for yourself - not by yourself
  • Make money selling ad specialties
  • Partner with a time-tested industry leader
  • Get started instantly with all the tools you need