HanesBrands’ FY23 revenue fell 9.6 per cent to $5.63 billion.
Q4 FY23 saw a 12 per cent drop in net sales to $1.3 billion.
Champion brand sales plummeted 23 per cent, with gross profit at $494 million and gross margin improving by 400 basis points to 38.1 per cent.
Operating profit rose to $96 million.
Inventory management exceeded FY23 goals.HanesBrands’ FY23 revenue fell 9.6 per cent to $5.63 billion.
Q4 FY23 saw a 12 per cent drop in net sales to $1.3 billion.
Champion brand sales plummeted 23 per cent, with gross profit at $494 million and gross margin improving by 400 basis points to 38.1 per cent.
Operating profit rose to $96 million.
Inventory management exceeded FY23 goals.
