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HanesBrands Sees Strong First Quarter but Retail Store Closures Pose Challenges

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Lifted by strong Champion consumer direct sales, HanesBrands scored broad-based first quarter sales gains and eked out a gain in income. In a Nutshell: HanesBrands said first-quarter results exceeded guidance, including net sales growth of 8 percent, operating profit growth and reduced debt leverage, but headwinds still exist. The company reiterated full-year 2019 issued guidance…

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