HanesBrands 3Q Profit Rises on Cost Savings

Dow Jones11-06

By Nicholas G. Miller

HanesBrands recorded higher third-quarter profit and said that its cost saving initiatives were driving margin expansion.

The clothing company reported net income of $270.7 million, or 76 cents a share, up from $30 million, or 8 cents a share, the year prior.

Adjusted earnings were 15 cents a share. Analysts expected 16 cents.

The company's selling, general and administrative expenses fell 8.4% compared with the prior-year quarter.

Net sales fell 1% to $891.7 million, with the company saying unanticipated shifts in ordering patterns at one of its large retail partners impacted late quarter replenishment orders. Analysts expected sales of $896.6 million.

The company said it saw strong back-to-school sales and that its Hanes brand was gaining market share.

The company is currently in the process of being acquired by Gildan as part of a deal announced in August that implied an equity value of $2.2 billion for HanesBrands.

Write to Nicholas G. Miller at nicholas.miller@wsj.com.

(END) Dow Jones Newswires

November 06, 2025 09:00 ET (14:00 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Miller \n\n\n \n\n\n  HanesBrands recorded higher third-quarter profit and said that its cost saving initiatives were driving margin expansion. \n\n\n  The clothing company reported net income of $270.7 million, or 76 cents a share, up from $30 million, or 8 cents a share, the year prior. \n\n\n  Adjusted earnings were 15 cents a share. Analysts expected 16 cents. \n\n\n  The company's selling, general and administrative expenses fell 8.4% compared with the prior-year quarter. \n\n\n  Net sales fell 1% to $891.7 million, with the company saying unanticipated shifts in ordering patterns at one of its large retail partners impacted late quarter replenishment orders. Analysts expected sales of $896.6 million. \n\n\n  The company said it saw strong back-to-school sales and that its Hanes brand was gaining market share. \n\n\n  The company is currently in the process of being acquired by Gildan as part of a deal announced in August that implied an equity value of $2.2 billion for HanesBrands. \n\n\n \n\n\n  Write to Nicholas G. 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