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Article Date: October 2019
Word Count: 365

Hanesbrands Sees Another $1 Billion in Champion Growth

In reporting net income growth of 10% to $187,756,000 from $171,421,000 on slightly higher sales of $1,866,967,000 against $1,848,707,000 for the quarter ended Sep. 28, Hanesbrands continues to highlight its Champion brand which grew 26% overall in Q3. Champion will reach $2 billion in sales next year excluding the C9 business at Target and there is a clear path to add another $1 billion. Among the key drivers are continued improvement in its brand equity scores that will enable it to broaden its assortments and diversify further into the women’s and kids’ markets. Too, it sees China becoming its second ... Log in to view full article.


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