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Higher Input Costs Cut Into Hanesbrands Profits, But Champion Lifts Sales

It was a mixed quarter for Hanesbrands, as sales gains couldn’t outweigh higher raw material and operating costs enough to stop a decline in profits. In a Nutshell: Hit by inflated raw materials costs and investments to prop up its brands, Hanesbrands saw its net income fall in the second quarter, even as its Champion

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