• Q3 net profit up 49% to US$61.3m
  • Sales rise 10.8% to $1.17bn
  • Expects to finalise Gear For Sports acquisition by 1 November

Apparel group Hanesbrands credited strong sales growth in its core innerwear, outerwear and international divisions for a 49% rise in third quarter profit and double-digit sales surge.

The company revised its full-year guidance, targeting sales of $4.3bn and earnings per share of $2.27-2.32.

Hanesbrands chairman and CEO Richard Noll said: “We are well-positioned to capitalise on our momentum and our growth platform as we prepare for 2011.

“We are poised to continue our success through the strength of our brands, additional new programmes, our ability to price our products in an inflationary environment, and the addition of our pending Gear For Sports acquisition.”

The deal to buy Gear For Sports is expected to close on or around 1 November, Noll added.