HanesBrands 3Q Profit Rises on Cost Savings

Dow Jones
2025/11/06
 

By Nicholas G. Miller

 

HanesBrands recorded higher third-quarter profit and said that its cost saving initiatives were driving margin expansion.

The clothing company reported net income of $270.7 million, or 76 cents a share, up from $30 million, or 8 cents a share, the year prior.

Adjusted earnings were 15 cents a share. Analysts expected 16 cents.

The company's selling, general and administrative expenses fell 8.4% compared with the prior-year quarter.

Net sales fell 1% to $891.7 million, with the company saying unanticipated shifts in ordering patterns at one of its large retail partners impacted late quarter replenishment orders. Analysts expected sales of $896.6 million.

The company said it saw strong back-to-school sales and that its Hanes brand was gaining market share.

The company is currently in the process of being acquired by Gildan as part of a deal announced in August that implied an equity value of $2.2 billion for HanesBrands.

 

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

 

(END) Dow Jones Newswires

November 06, 2025 09:00 ET (14:00 GMT)

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