A reduction in expenses of more than $100 million allowed Hanesbrands Inc. to report a higher-than-expected profit despite lower sales in the first quarter.
In the three months ended March 30, the Winston-Salem, N.C.-based manufacturer of knitwear, innerwear and activewear posted net income of $51.4 million, or 51 cents a diluted share, 1 cent above the analyst consensus estimate of 50 cents. In the prior-year quarter, the firm reported a loss of $26.8 million, or 27 cents, 3 cents of which was attributed to discontinued operations.
The iconic Tiffany & Co. Fifth Avenue flagship will have a whole new look come 2021, reports @mistywhitesidell . The 10-story store is being expanded and renovated under the vision of chief artistic officer, Reed Krakoff. #wwdnews
“I feel like the [Emmy] nomination is this absurdly generous bonus to something that I’ve already been excited by for quite some time now,” Darren Criss tells @ktauer about his nomination for his role as Andrew Cunanan in The Assassination of Gianni Versace: American Crime Story, “My general attitude toward life is I hope for everything but expect nothing. But when you’re playing for the Warriors, there’s a good chance you’ll make it to the championships. And I’m not saying I’m Steph Curry, but when you’re on [showrunner] Ryan Murphy’s team, it seems more palpable than ever,” he continues. (Criss previously starred on “Glee,” another Murphy creation, although they didn’t directly work together.) “I feel like I’ve already won the lottery.” Read more in WWD.com (📸: @lexieblacklock ) #wwdeye #darrencriss #americancrimestory #emmys2018