By  on July 30, 2008

Lower restructuring costs and cost-reduction initiatives helped Hanesbrands Inc. more than double second-quarter profits as weak consumer spending slowed sales.

Earnings gained 125.5 percent to $57.3 million, or 60 cents a diluted share, from $25.4 million, or 26 cents, a year ago. Restructuring costs sank to $1.4 million from $26.2 million a year earlier.

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