Hanesbrands Inc. said earnings tripled in the first quarter, boosted by cost-cutting initiatives that offset weak sales in a tough retail environment.
For the three months ended March 29, earnings reached $36 million, or 38 cents a diluted share, up from $12 million, or 12 cents, in the year-ago period. Excluding one-time items, earnings were 42 cents, up from 15 cents last year. Sales for the quarter fell 5 percent to $987.8 million from $1.04 billion, as a result of a pull back in consumer spending.
"I think that all anyone really wants in life is to have people understand us for who we actually are, despite everything," says Ruth Negga. The actress talks "Preachers" season 2 and more on WWD.com. #wwdeye (📷: Dan Doperalski)
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