GIL blamed an unexpected deterioration in macroeconomic conditions for third-quarter sales that came in below guidance, with an estimated $100 million headwind from a demand rebound that failed to materialize and a further $60 million negative impact from product availability constraints. Net income more than doubled to $259.4 million from $120.2 million, reflecting $177 million in IEEPA tariff refunds. Hanesbrands incremental sales pushed the top line up 61% to $1,466.6 million from $910.6 million, but revenues were down 9% on a pro forma basis. In addition, net selling prices fell as ... Log in to view full article.