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Article Date: May 2018
Word Count: 174

Champion Boosts Hanesbrands’ Activewear Sales in Q1


U.S. Activewear segment sales increased 6% to $346,125,000 from $327,343,000 in the first quarter, driven by Champion sales that increased 22% (+17% constant currency) with high-single-digit growth in the U.S. and strong double-digit growth in Asia and Europe. Organic sales, excluding Alternative Apparel, were up 1% overall with Champion up high-single-digits, but online sales jumped 26% in the quarter to 10% of sales. Segment operating margin dipped 220 basis points to 11.1% as operating profit fell 12% to $38,287,000 from $43,350,000 hit by higher raw material costs ... Log in to view full article.

 


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