• Linkdin
Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
         Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow Data-Driven Analysis to Identify the Existing and Upcoming Trends in Polyester Fiber Market. Request Report down-aerrow
Maximize your media exposure with Fibre2Fashion's single PR package  |   Know More

Hanesbrands Q2 net sales touch $1.12 bn

26 Jul '07
3 min read

The company's operating profit margin excluding actions was 11.2 percent in the quarter and 10.0 percent in the first six months. A year ago, the operating profit margin excluding actions was 8.4 percent in the second quarter and 9.1 percent in the six-month period.

“We are pleased with the operating profit margin excluding actions for the first six months of the year,” Noll said. “Our ability to exert tight cost controls and execute on our improvement and streamlining plans is delivering results. We are seeing the benefits of past cost-reduction efforts, including moving production to lower-cost countries as part of our long-term supply chain globalization initiative.”

• Diluted earnings per share were $0.26 in the quarter, compared with $0.62 a year ago. For the six-month period, diluted EPS was $0.39 compared with $1.39 a year ago. The decrease in earnings per share reflected increased interest expense and a higher effective income tax rate as a result of the company's independent structure, as well as higher restructuring and related charges.

Diluted EPS excluding actions was $0.54 in the quarter compared with $0.73 a year ago, and for the six-month period was $0.81 versus $1.55 a year ago.

• Using cash flow from operations, the company paid down long-term debt by $53 million, of which $50 million was a prepayment, and repurchased $16 million of company stock.

Click here to view more:

Hanesbrands Inc

Leave your Comments

Esteemed Clients

Woolmark Services India Pvt. Ltd.
Weitmann & Konrad GmbH & Co. KG
VNU Exhibitions Asia
USTER
UBM China (Shanghai)
Tuyap Tum Fuarcilik Yapim A.S.
TÜYAP IHTISAS FUARLARI A.S.
Tradewind International Servicing
Thermore (Far East) Ltd.
The LYCRA Company Singapore  Pte. Ltd
Thai Trade Center
Thai Acrylic Fibre Company Limited
X
Advanced Search