Hanesbrands Inc. saw its recent acquisitions of DBApparel and Knights Apparel pay dividends in the second quarter as its large intimates business lost ground.

Innerwear sales fell 1.4 percent, to $777.6 million from $788.3 million, in the three months ended July 4 as “the customer environment [for intimate apparel] remains uneven,” the company said. Sales of basic underwear and socks increased.

In the quarter, net income declined 3.9 percent, to $94.9 million, or 23 cents a diluted share, from $154.6 million, or 38 cents, in the 2014 period.

Subtracting special items including acquisitions and integration actions, adjusted earnings per share totaled 50 cents a diluted share, matching the consensus estimate of analysts.

Revenues rose 13.4 percent to $1.52 billion from $1.34 billion, missing the consensus estimate of $1.56 billion. Gross margin tightened to 37.3 percent of sales from 37.6 percent.

“The integrations of our DBApparel and Knights Apparel acquisitions are proceeding on plan,” said Richard Noll, chairman and chief executive officer of the Winston-Salem, N.C.-based apparel giant, “and we continue to reap benefits from the past acquisitions of Gear for Sports and Maidenform. Our brand innovation platforms and global supply chain performance continue to drive margin improvement.”

In the quarter, Hanesbrands said revenues included $37 million from Knights Apparel, acquired as the quarter began in April, as well as $149 million from DBApparel, acquired in August 2014. The company also benefited from strong sales in Japan as international revenues, including those for DBApparel, more than doubled to $264.7 million.

Hanesbrands’ activewear segment enjoyed a 19 percent increase in sales, to $378.2 million, which included high-single-digit growth for the Champion brand.

The company made changes in its full-year financial estimates. Sales, projected to finish the year between $5.9 billion and $5.95 billion three months ago, are now expected to fall short of $5.9 billion. While adjusted EPS guidance was maintained at between $1.61 and $1.66 a diluted share, expectations for adjusted operating profits were raised to a range of $855 million to $875 million from their previous projection of between $855 million and $875 million.

After sending shares up 1.2 percent to $34.14 during the New York Stock Exchange’s regular trading session, the guidance pushed investors in the other direction. Shares fell 6.5 percent to $31.93 in early after-hours trading.

In the first half, net income fell 24.8 percent to $147.5 million, or 36 cents a diluted share, from $196.1 million, or 48 cents, in the first six months of 2014. Revenues rose slightly more than in the quarter, ascending 13.7 percent to $2.73 billion from $2.4 billion.

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