HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company’s net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million).

 

HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company's net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million). #

“I want to thank our associates for delivering strong results in the quarter, particularly our manufacturing team, which has put us in position to meet consumer demand,” Steve Bratspies, chief executive officer at HanesBrands, said in a press release.

 

HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company's net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million). #

Global Champion brand sales increased 33 per cent over Q3 FY20, driven by strong consumer demand across channels in the US and continued growth in Europe, and the ramp-up of partners in China. On the other hand, US innerwear sales went up 12 per cent due to the combination of strong consumer demand across the company’s brand portfolio, as well as the impact from pent-up consumer demand fuelling category growth rates above historical levels, according to HanesBrands.

 

HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company's net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million). #

Gross profit during the third quarter escalated to $699.6 million ($571.5 million), while operating profit rose to $234.6 million ($189.0 million). Additionally, income from operations increased to $176.7 million ($118.2 million).

 

HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company's net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million). #

By segment, innerwear business fell 11 per cent due to the overlap of last year’s PPE sales, whereas activewear sales surged 42 per cent driven by strong double-digit growth in both the Champion and Hanes brands. Moreover, international sales improved 6 per cent over third quarter of 2020.

 

HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company's net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million). #

In its outlook for the upcoming quarter, the American clothing company said that it anticipates a 3 per cent sales growth during Q4 FY21 in the range between $1.71 billion to $1.78 billion.

 

HanesBrands, a US-based global marketer of branded everyday basic apparel, has reported a 5.8 per cent sales growth to $1.79 billion in the third quarter (Q3) of FY21 ended on October 2, 2021, over the same period of previous fiscal. The company's net income for the three-month period expanded to $151.7 million (Q3 FY20: $103.3 million). #

“We continue to make progress on our Full Potential plan as we invest in our iconic brands, build talent, enhance e-commerce capabilities and modernise our technology. We’re excited by the early results from Full Potential and are confident we can deliver the long-term plan we announced in May,” Bratspies said.