Hanesbrands Inc. posted an improved second quarter, citing its innovate-to-elevate platforms as a contributor to the period’s results.
For the three months ended June 29, net income jumped to $121.6 million, or $1.19 a diluted share, versus $1.2 million, or 1 cent, a year ago. Excluding a $66.1 million loss for discontinued operations, net income a year ago would have been $67.3 million, or 67 cents a share. Operating profit for the second quarter rose 51.3 percent to $181.4 million from $120 million. Net sales for the period rose 1.6 percent to $1.2 billion from $1.18 billion.
A Stella McCartney sketch of a custom dress made from protein-based silk in partnership with biotech lab Bolt Threads. The dress will be displayed at The Museum of Modern Art's upcoming design exhibition, "Items: Is Fashion Modern?"