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HanesBrands : Announces Strong Second-Quarter 2021 Results

HanesBrands : Announces Strong Second-Quarter 2021 Results
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Hanesbrands Inc (HBI) Q1 2021 Earnings Call Transcript

Hanesbrands Inc (HBI) Q1 2021 Earnings Call Transcript
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Hanesbrands Inc (HBI) Q1 2021 Earnings Call Transcript

Hanesbrands Inc (HBI) Q1 2021 Earnings Call Transcript
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Hanesbrands' first-quarter sales jump offset by non-core financial decision


Hanesbrands Inc.’s performance was affected significantly for the second consecutive quarter by a non-core financial decision despite a 25% jump in sales.
The basic apparel manufacturer reported Tuesday having a $263.3 million loss for the first quarter, compared with a $7.9 million loss a year ago.
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Hanesbrands announced Feb. 9 its plans for “exploring strategic alternatives for our European Innerwear business.” During the first quarter, Hanesbrands reclassified that business as discontinue operations as a proactive move.
Part of that process resulted in a $390 million non-cash impairment charge reflected on its bottom line in terms of a 75-cent earnings loss. ....

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Hanesbrands expects more-with-less approach will pay off with long-term growth

For much of Hanesbrands Inc. s nearly 15-year existence, the basic apparel manufacturer s management has been focused on finding a healthy balance between short-term profit and long-term growth. ....

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