US: Hanesbrands boosts Q1 profit despite cost inflation
By just-style.com | 21 April 2011
- Net income up 31.8% to $48m
- Net sales for the quarter increased 12% to $1.04bn
- Prices raised
US apparel group Hanesbrands has seen its first quarter profits climb by a third, after raising prices to deal with the higher costs of inputs such as cotton.
The company said its revenue was boosted by strong performance of its acquired Gear For Sports business, organic outerwear segment growth and international growth.
"We significantly beat our expectations in the quarter and are off to a strong start in 2011," Hanes' chairman and chief executive officer Richard A Noll said.
"Our brands are strong and are performing well. We are raising prices appropriately to deal with input-cost inflation, and as we leverage our scale and infrastructure, the benefits of increased sales and acquisitions are dropping through to the bottom line."
Click here to view the company's first quarter results in full.
Companies: Hanesbrands
View next/previous articles
21 Apr 2011 -
21 Apr 2011 -
Currently reading -
US: Hanesbrands boosts Q1 profit despite cost inflation
21 Apr 2011 -
21 Apr 2011 -
Related research
Datamonitor's Hanesbrands Inc. - SWOT Analysis company profile is the essential source for top-level company data and information. Hanesbrands Inc. - SWOT Analysis examines the company’s key business structure and operations, history and products, an...
Infant, Toddler and Preschool Clothing Market in the U.S.
In 2011, a full two years after the Great Recession of 2008-2009, U.S. consumers are once again buying their beloved premium and luxury goods, and that includes some ITP clothing and footwear, too. Actually, the influence makes this market pick up ac...
This report analyzes the worldwide markets for Children's Wear in US$ Million by the following Product Segments: Boys Wear, Girls Wear, and Infants & Toddlers Wear. The report provides separate comprehensive analytics for the US, Canada, Japan, Europ...
Related articles
There are currently no comments on this article
Be the first to comment on this article