Facebook Pinterest Search Icon SourcingJournal_horiz Tumbler Twitter Shape photo-camera graph-trend Shape latest-news icon / user

COVID-19 Wipes Out $181M in Hanesbrands’ First-Quarter Revenue

Missed Sourcing Journal’s Virtual Sourcing Summit? It's not too late to view all keynotes and panels from the two days. Watch on demand now.

With sales and profits plummeting in the first quarter from the pandemic, Hanesbrands is pivoting deeply into non-core manufacturing. In a Nutshell: Hanesbrands Inc. said Thursday that first-quarter results were significantly affected by the COVID-19 pandemic, estimating the late-quarter impact reduced revenue by approximately $181 million, operating profit by approximately $86 million, and earnings per…

This content is for Annual and Limited members only. You can read up to five free articles each month with a Limited Level Subscription. Please log in, or subscribe.

Log In Subscribe

More from our brands

Access exclusive content Become a Member Today!