>>
Home / Knowledge / News / Apparel/Garments / HanesBrands expects Q3 2017 net sales at $1.80 billion
HanesBrands expects Q3 2017 net sales at $1.80 billion
27
Oct '17
Courtesy: HanesBrands
Courtesy: HanesBrands
In the preliminary results announced for the third quarter of fiscal 2017, it is expected that the net sales of HanesBrands is likely to be around $1.80 billion. HanesBrands has also acquired Alternative Apparel, a marketer of better apparel basics under the Alternative brand to the distributor, online, direct-to-consumer and traditional retail channels.

HanesBrands has purchased privately held Alternative Apparel in an all-cash transaction valued at approximately $60 million on an enterprise basis. Alternative Apparel, based in Norcross, Georgia, is expected to have full-year 2017 net sales of approximately $70 million.

"This is an exciting acquisition that supports our activewear growth strategy," HanesBrands chief executive officer Gerald W Evans Jr said. "We will be able to leverage our global low-cost supply chain, which is a recognised social, environmental and ethical leader, with another strong brand to expand our market and channel penetration, including online. Combining these two companies is a great way to create value and generate growth opportunities."

"Alternative Apparel has an attractive business model, a very strong and differentiated brand, and a highly talented team of employees," Evans said. "Adding the Alternative brand and product lineup further diversifies our sales mix as we emphasise growth across all channels, including online."

Alternative Apparel CEO Evan Toporek will remain with HanesBrands to continue leading the business out of Norcross. "We’re thrilled to share Alternative products and experiences on a grander scale by leveraging Hanes’ global supply chain and growth platform," Toporek said. "Partnering with a like-minded company that is a longtime industry innovator and leader will benefit our employees, our customers, and our brand as a whole."

For the third quarter of fiscal 2017, HanesBrands expects EPS of approximately $0.55, and adjusted EPS of approximately $0.60 – consistent with company guidance. The company also hopes year-to-date net cash from operations of approximately $330 million

"We met our goal of returning to organic growth, and we continued to generate strong operating cash flow," said Evans. "Our sales and EPS results, driven by stronger-than-expected international growth, are expected to be consistent with our guidance." (RR)

Fibre2Fashion News Desk – India


Must ReadView All

Pic: Shutterstock

Textiles | On 26th Jan 2022

Vietnam-US trade hits $111.56 bn in 2021

Vietnam-US trade hit $111.56 billion in 2021, up by nearly $21...

Pic: Shutterstock

Textiles | On 26th Jan 2022

Turkey using less coal, hydropower; use of renewables, gas up: Ember

The use of coal and water for energy in Turkey reduced in 2021, while ...

Pic: Bangladesh Parliament Secretariat/Facebook

Apparel/Garments | On 26th Jan 2022

Trade Organisation Bill, 2022, introduced in Bangladesh parliament

The Trade Organisation Bill, 2022, aimed at allowing foreign traders...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Donating 20,000 N95 masks to hospitals & NGOs

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Gaurav Davda, Jindal Worldwide Ltd

Gaurav Davda
Jindal Worldwide Ltd

Indian MMF sector to become globally competitive

Ilker Hacioglu,

Ilker Hacioglu

Founded by three partners of French origin in 1988, LC Waikiki started its ...

Kishina Daruka and Mishika Daruka,

Kishina Daruka and Mishika Daruka

Headquartered in Kolkata, India, sustainable clothing brand Ora was...

Seema Mishra,

Seema Mishra

Set up in January 2020 by <b>Seema Mishra</b>, the Kasrawad Art Cluster...

Kevin Young & Tom Lucas, Web Industries

Kevin Young & Tom Lucas
Web Industries

Web Industries is a precision formatter of nonwoven materials used in baby ...

Dr. Sean Blamires, Evolution and Ecology Research Centre

Dr. Sean Blamires
Evolution and Ecology Research Centre

Using spider silk for clothing may not seem to be an attractive...

Sachin Pendharkar, Dieffenbacher India Pvt Ltd

Sachin Pendharkar
Dieffenbacher India Pvt Ltd

Germany-based Dieffenbacher Group is a producer of high-quality composites ...

Ester Kubisz, Label - Ester Kubisz

Ester Kubisz
Label - Ester Kubisz

Ester Kubisz, a London-based designer and founder of her eponymous label,...

Megha Kumari & Jigar Mali, Label Megha & Jigar

Megha Kumari & Jigar Mali
Label Megha & Jigar

New Delhi based label Megha &amp; Jigar blends India's unique handcrafts...

Payal Singhal, Label - Payal Singhal

Payal Singhal
Label - Payal Singhal

Leading South Asian fashion designer, <b>Payal Singhal </b>known for her...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH

Leave your Comments

ESTEEMED CLIENTS

Lifestyle
Gokaldas Exports Limited
Gloria Jeans
The LYCRA Company Singapore  Pte. Ltd
Abit
TESCO INTERNATIONAL SOURCING LIMITED
Asos
Lenzing Aktiengesellschaft
Arvind Limited
J ;& P Coats
Maceton Limited
Green Fibre
Target Corporation (MN)
Lacoste (Wanchai)
Seasalt Limited
H;&M Hennes ;& Mauritz (Far East) Ltd
Helly Hansen Far East Ltd
Varner AS Retail
Aquarelle Clothing Limited
Hela Clothing Pvt Ltd
Recron Polyester from Reliance Industries Limited
John Varvatos
Landmark Group
Grasim Industries Limited
OVS Hong Kong Sourcing Ltd.
Under Armour Global Sourcing Ltd
Alison Hayes Romania
Tchibo GmbH
BIMBA ;& LOLA SL
Restoque S.A.
Vianney Textil Hogar S.A. De C.V.
Amazon China
KIABI
BIANCA
Sportswear Company Spa
Sateri (Jiujiang) Fiber Co.,Ltd
Tory Burch Hong Kong Ltd
Midas Clothing Limited
Boardriders Asia Sourcing Limited
Rayonese Textile Inc., Division de Culp Inc.
Eastman Chemical Company
Rosset ;& Cia Limited
Aramark Uniform ;& Career Apparel, LLC
Huntsman (Singapore) Pte Ltd
Groz-Beckert East Asia LLP
IDH – The Sustainable Trade Initiative
Alix Partners
International Textile Manufacturers Federation
Bluestem Global Sourcing Limited
MAS Active / MAS Kreeda / MAS Bodyline
Decathlon
SYNERGIES HONG KONG LIMITED
Truetzschler India Private Limited
BIRLA CENTURY A DIVISION OF CENTURY TEXTILES AND INDUSTRIES
Brandix Lanka Limited
SHAHI Exports Pvt Ltd
Permoda(Koaj/Armi/Pronto/Bkul)
Gap International Sourcing Limited
Gatsby Africa
Babyshop
Benetton Group
THE BOMBAY DYEING ;& MFG.CO. LTD
T.T. Limited
KAS Direct Sourcing
Hirdaramani International Export Private Limited
LC Waikiki
Lisa S.P.A.
HYOSUNG CORPORATION INDIA PRIVATE LIMITED
Vardhman Textile Ltd
Sainsbury's Argos Asia Limited
Lululemon Athletica Inc
Puma
Guess Europe Sagl,
Walmart
Esprit Europe Services GmbH
NITI Aayog
Tommy Hilfiger
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Sportmaster Ltd.
G-Star Raw C.V.
The Top Form Brassiere Manufacturing Company Limited
Cat Tuong Real Estate Group Joint Stock Company
Phong Phu international JSC (PPJ)
Page Industries Limited (Bangalore)
PVH Corporation
C;&A Sourcing International Ltd
Reiter India Private Limited
Desigual - ABASIC, S.A.
IKEA of Sweden AB
Chori Company Limited

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.


Advanced Search