Shares of Hanesbrands Inc. soared 12.8 percent Thursday to $30.07, pushing past overall market woes thanks to second-quarter earnings that beat Wall Street's expectations.
Hanesbrands posted second-quarter net income of $25.4 million, or 26 cents a share. Excluding charges, the company earned $52.4 million, or 54 cents a share, which compares with $59.3 million, or 62 cents, in the prior year. Revenue was flat at $1.2 billion. Analysts expected the company to earn 20 cents a share on revenue of $1.14 billion. In the year-earlier period, Hanesbrands posted income of $59.3 million on revenue of $1.12 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)