Hanes Reports Second-Quarter Results, Discusses Discontinuation of Outer Banks and Private Label Business
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For the first half, discontinued operations had a loss per diluted share of $0.69—a loss of $0.03 in the first quarter and a loss of $0.66 in the second quarter. In February when the company issued financial guidance for 2012, the company's expectations for what are now discontinued operations were net sales of approximately $190 million, an operating loss of less than $1 million, and cash flow from operations of approximately $15 million.
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- Companies:
- All American Awards
- Outer Banks
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