Home / Knowledge / News / Apparel/Garments / HanesBrands operation jumps 25% in FY19

HanesBrands operation jumps 25% in FY19

07
Feb '20
Pic: HanesBrands
Pic: HanesBrands
HanesBrands, a leading global marketer of branded everyday basic apparel, posted 25 per cent increase in operation at $803 million in FY19. Net sales decreased 1 per cent to $1.75 billion while constant-currency organic sales increased slightly in Q4 that ended on December 28, 2019. For the full year, net sales increased 2 per cent to $6.97 billion.
 
Strength of Champion Brand, International Segment and Consumer-Directed Business Has Driven 10 consecutive quarters of constant-currency organic net sales growth. Global Champion sales, excluding C9 Champion in the US mass channel, totaled $1.9 billion in constant currency in 2019, an increase of 40 per cent over last year as a result of expanded product offerings and increased distribution. With balanced growth in Q4, Champion sales increased 22 per cent both domestically and internationally. 
 
Total International constant currency organic sales increased 10 per cent in Q4 and 12 per cent for 2019. In the quarter, sales increased in all International regions, including the Americas, Asia, Australia and Europe. 
 
Consumer-directed sales in constant currency increased 17 per cent in Q4r and 16 per cent for the full year. Consumer directed sales in constant currency represented 30 per cent of total sales in the quarter and 25 per cent for the full year. 
 
The company generated $803 million in net operating cash in 2019 and paid down $609 million of debt. Of that, $559 million of operating cash generation and $460 million of debt reduction occurred in Q4.
 
International segment sales increased 7 per cent while operating profit decreased 2 per cent. On a constant-currency basis, net sales increased 10 per cent and operating profit increased 1 per cent.
 
Sales for the International segment's activewear and innerwear businesses increased more than expected. Operating profit was reduced by bankruptcy related bad-debt expense and negative foreign exchange rates on operational transactions. 
 
US innerwear segment sales decreased 4 per cent in Q4 while operating profit increased 5 per cent. Sales of innerwear basics decreased 5 per cent as a result of earlier-than-planned disruption from ongoing store resets in the mass channel that are expected to generate increased space and share beginning in the second half of 2020.
 
US activewear segment Q4 sales decreased 7 per cent, slightly better than expected. Segment operating profit in the quarter decreased 8 per cent as a result of higher SG&A expenses. 
 
Champion sales, excluding C9 Champion in the mass channel, increased more than 14 per cent in the quarter. C9 Champion sales decreased 26 per cent as that program continued to wind down to conclusion in January 2020. Sales in the remainder of the activewear segment declined but performed better than expected.
 
In the full year guidance, the company expects 2020 net sales of $6.675 billion to $6.775 billion.

Fibre2Fashion News Desk (JL)


Must ReadView All

Pic: Shutterstock

Textiles | On 16th Oct 2021

China's economic growth reflects strong resilience, vitality: Li

Premier Li Keqiang has said China is capable and confident of...

Pic: Shutterstock

Apparel/Garments | On 16th Oct 2021

BGMEA urges Bangladesh govt to reskill & upskill RMG workers

The Bangladesh Garment Manufacturers and Exporters Association...

Pic: Shutterstock

Retail | On 16th Oct 2021

UK retail sales rises by 0.6% in Sep 2021; figure 5.6% in Sep 2020

Total UK retail sales rose by 0.6 per cent in September this year...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Strongly believe in 'people first' policy.

Textile Industry, Head honchos

Textile Industry
Head honchos

Instagram & fashion will go a long way together

Textile Industry, Head honchos

Textile Industry
Head honchos

Led by MMF, Indian apparel exports likely to double in next 3 years

Gus Bartholomew,

Gus Bartholomew

<b>Gus Bartholomew</b>, co-founder of SupplyCompass, explains to <b>Subir...

C Maennich,

C Maennich

Trützschler, one of the world's leading textile machinery manufacturers,...

Richard Armitage,

Richard Armitage

Adaptive Control automates, controls and monitors machines, systems and...

Steve McCullough & Marco Weichert, Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Steve McCullough & Marco Weichert
Functional Fabric Fair & Design and Development GmbH Textile Consult respectively

Functional Fabric Fair is a trade-exclusive event showcasing the latest...

Sameer Sonkusale & Rachel Owyeung, Tufts University

Sameer Sonkusale & Rachel Owyeung
Tufts University

A team at the Tufts University in Massachusetts was recently in news for...

Shujaul Rehman, Garware Technical Fibres

Shujaul Rehman
Garware Technical Fibres

Garware Technical Fibres Ltd (formerly Garware-Wall Ropes Ltd) is a...

Raghavendra Rathore, Label Raghavendra Rathore Jodhpur

Raghavendra Rathore
Label Raghavendra Rathore Jodhpur

Being one of the first designers to use the "Brand India" positioning for...

Seema Gujral, Label Seema Gujral

Seema Gujral
Label Seema Gujral

<b>Seema Gujral</b>'s designs for her eponymous label revolve around...

Shalini Sharma & Shweta Pundir Sharma, Six Yard Story

Shalini Sharma & Shweta Pundir Sharma
Six Yard Story

Six Yard Story is a premium artisanal brand with a focus to bring handloom ...

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


October 2021

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


Advanced Search