Nov 3, 2014
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Hanesbrands: 17% increase in sales thanks to acquisitions

Nov 3, 2014

A third consecutive quarter with double-digit growth in net sales for Hanesbrands thanks to its acquisitions. The American group specialized in underwear and activewear (Hanes, Champion...) thus ended its third quarter on September 27 with a 17% (€1.4 billion) increase in revenue, an entirely logical sum given the acquisition of Maidenform less than a year ago, and DBApparel (Dim) two months ago.

Source: Dim

If the new brands that were not present in the Hanesbrands scope in the previous financial year are not taken into account, the comparable increase is +1%.

Maidenform contributed $115 million in the overall revenue, while DBApparel contributed $81 million for the period of just one month, as of the acquisition on 29 August.

However, the third semester operational result dropped 13%, to $154 million, due to the earnings before taxes tied to the acquisitions. Not including this data, Hanesbrands posts a 23% increase in its "adjusted" operating profit.

The forecasts for the complete financial year remain unchanged, with an expected overall revenue of around $5.4 billion. This third quarter marked the end of Maidenform's integration period.

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