HanesBrands Reports Second-Quarter 2020 Financial Results
Last Updated On: 07/30/2020
Winston-Salem, North Carolina based supplier, HanesBrands participates in the promotional product industry through Hanes/ Champion/ComfortWash and Alternative Apparel.
Despite COVID-19 pandemic, HanesBrands reports diluted earnings per share (EPS) growth of 12 percent in its second quarter 2020 financial results.
HanesBrands accredits the earnings growth to the company’s ability to twirl to production and sales of personal protective garments combined with relatively strong apparel performance in pandemic conditions.
“The HanesBrands organization did a phenomenal job overcoming significant challenges in order to mitigate the effects of the global pandemic,” says HanesBrands CEO Gerald W. Evans Jr.
Gerald further added, “The professionalism, ingenuity and dedication of our worldwide employees was on display in generating double-digit EPS growth, establishing a new protective garments business line from scratch, and starting the reopening of manufacturing, distribution and selling in the most safe and effective manner possible.”Read More...