Hanesbrands sees increase in profits - Winston-Salem Journal: Local Business

Hanesbrands sees increase in profits

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Posted: Wednesday, July 23, 2014 7:15 pm

Hanesbrands Inc. returned to increased profitability during the second quarter, with the apparel manufacturer reporting Wednesday higher sales and reduced integration costs led to a record $154.6 million.

Spurred by the 27 percent jump in net income, Hanesbrands raised its fiscal 2014 earnings guidance by 40 cents to a range of $5.20 to $5.40. Adjusted operating profit – which excludes one-time integration and other charges – was lifted by $45 million to a range of $710 million to $730 million.

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