October 31, 2019
Even as the U.S. and China appear to be nearing completion of their Phase One trade deal, Beijing is suggesting that it will remain firm against U.S. demands that it reform the state-sponsored economy that is the thorniest issue separating the two sides.
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.
Net income more than quadrupled to $29,797,000 from $7,063,000 in the third quarter on revenues that grew 13% (+14% CC) to $417,166,000 from $370,427,000 helped by incremental $28.4 million in sales from Titleist irons, hybrids and putters launched during the quarter.
Net income slipped 8% in the third quarter to $104.9 million from $114.3 million on 2% lower revenues of $739.7 million down from $754.4 million on weak sales of imprintable basics and hosiery.
Net income increased 25% to $21,302,000 from $17,030,000, as revenue increased 17% to $229,125,000 from $196,109,000, driven by 31% higher DTC sales of $92.9 million from $71.2 million, with growth in both product categories, led by drinkware.
The Indonesian multi-banner retailer’s comprehensive net income attributable to shareholders climbed 154% to IDR 541,741 million ($38.0 mm) from IDR 213,024 million in the first nine months of the year, on 19% revenue growth to IDR 5,356,931 million ($376.1 mm) up from IDR 4,514,240 million and +8% same store sales.
Net income declined 29% to $2,540,000 from $3,575,000 in the third quarter ended Oct. 5 on 4% higher revenues of $45,756,000 up from $43,955,000 driven by higher sales in the games category, although vertical archery bow sales declined.