HanesBrands Posts Double-Digit Second Quarter Growth

HanesBrands Posts Double-Digit Second Quarter Growth

10:38am Jul 30, 2020
PAUL GARBER/WFDD

As many companies are seeing financial losses during the coronavirus pandemic, HanesBrands has experienced double-digit growth in the second quarter. 

The Winston-Salem-based apparel company reported second-quarter net sales of over $1.7 billion, with earnings per share up 58 percent. There was also a 68 percent increase in online sales.

Company officials say the earnings growth resulted in part from a pivot to production and sales of personal protective garments, including face coverings and medical gowns.

CEO Gerald W.Evans Jr. said in a news release that the company performed significantly better than expected while establishing a new protective garment business from scratch.

He also credited staff for allowing operations to continue in a safe and prudent manner.

For the most up-to-date information on coronavirus in North Carolina, visit our Live Updates blog here. WFDD wants to hear your stories — connect with us and let us know what you’re experiencing.

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