HanesBrands reports better Q2 results, EPS increases 58 percent

HanesBrands net sales for the second quarter ended June 27, 2020, were 1.74 billion dollars compared with 1.76 billion dollars a year ago. Excluding the exited programs and foreign exchange rates, the company said in a statement, total constant-currency net sales for the quarter increased 7 percent, while GAAP operating profit increased 5 percent to 242 million dollars and the quarter’s adjusted operating profit excluding actions increased 41 percent to 305 million dollars. The company added that GAAP EPS increased 12 percent to 46 cents and adjusted EPS increased 58 percent to 60 cents.