HanesBrands Reports Second-Quarter 2011 Results and Confirms Full-Year 2011 Guidance for Sales and EPS Growth
Net sales in the quarter increased 14 percent and Diluted EPS was $0.87, the same as a year ago.
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HanesBrands<%2Fspan>,<%2Fa>%20Winston-Salem,%20N.C.,%20reported%20strong%20net%20sales%20growth%20and%20comparable%20diluted%20earnings%20per%20share%20in%20the%20second%20quarter%20of%202011,%20in%20line%20with%20company%20expectations.%0D%0A%0D%0Ahttps%3A%2F%2Fwww.printandpromomarketing.com%2Farticle%2Fhanesbrands-reports-second-quarter-2011-results%2F" target="_blank" class="email" data-post-id="12603" type="icon_link">
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The second-quarter operating margin increased 70 basis points over the year-ago quarter, despite $51 million in higher cotton and commodity costs and an operating profit decline in the Innerwear segment. The company's operating margin in the quarter improved to 12.1 percent of sales, the highest since the company's spinoff in September 2006.
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