Hanes Confident in Champion’s Global Growth
With a 36% top line increase last year to $1 billion and a 30% increase forecast for this year, HBI told investors at the UBS conference it is confident that Champion will reach its $2 billion sales target by 2022 excluding the end of the C9 program with Target at the end of this year. About half of that growth is coming from domestic and the balance in international, and HBI believes that, with margins already slightly above the corporate average, there are no impediments to further margin expansion because Champion can further leverage the internal supply chain.
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