Home Street Fashion US’ HanesBrands reports Q3 2024 profit gains amid sales dip

US’ HanesBrands reports Q3 2024 profit gains amid sales dip

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HanesBrands Inc reported Q3 2024 net sales of $937 million, a 2.5 per cent drop from last year, impacted by the US Sheer Hosiery divestiture and foreign exchange rates.
Gross profit rose 12 per cent to $390 million, with a 41.7 per cent gross margin due to cost-saving measures.
Operating profit surged by 27 per cent to $103 million. International sales grew 1 per cent.HanesBrands Inc reported Q3 2024 net sales of $937 million, a 2.5 per cent drop from last year, impacted by the US Sheer Hosiery divestiture and foreign exchange rates.
Gross profit rose 12 per cent to $390 million, with a 41.7 per cent gross margin due to cost-saving measures.
Operating profit surged by 27 per cent to $103 million. International sales grew 1 per cent.