By  on February 2, 2009

Hanesbrands Inc. said restructuring charges and a broad-based drop in sales contributed to a reduction in profits in the fourth quarter.

The Winston-Salem, N.C.-based apparel maker reported a 64.1 percent fall in fourth-quarter profits to $17.9 million, or 19 cents a diluted share, from $49.8 million, or 52 cents a share, a year ago. Excluding certain charges, the company’s fourth-quarter earnings equaled 50 cents a share.

To Read the Full Article
SUBSCRIBE NOW

Tap into our Global Network

Of Industry Leaders and Designers

load comments
blog comments powered by Disqus