Hanesbrands Inc. posted second-quarter results in which profits rose 27.1 percent and net sales were up 11.9 percent.
For the three months ended June 28, net income rose to $154.6 million, or $1.51 a diluted share, from $121.6 million, or $1.19, in the year-ago quarter. Net sales rose 11.9 percent to $1.34 billion from $1.2 billion. Wall Street analysts were expecting on average $1.50 on revenues of $1.35 billion.
Hermès is launching a Laundromat pop-up shop in NYC - dubbed Hermèsmatic - where customers can bring their old scarves to be dip-dyed by an expert. Get all the details on WWD.com. #wwdnews (📷: @donstahl)