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Hanesbrands’ revenues rise 11 per cent in recent quarter

Hanesbrands has made a huge splash in its relatively short tenure as a publicly traded company. The US major is best known for undergarments, but other products include sports apparel and hosiery. In its most recent quarter, it saw a 11 per cent rise in revenue, with adjusted earnings from continuing operations climbing by 12 per cent.

Hanesbrands enjoyed strong share-price performance between 2012 and 2014, prompting the company to split its share last year. Hanesbrands did extremely well coming out of the gate, seeing its share price climb by more than 50 per cent less than a year after its IPO. But the recession of 2008 and the ensuing financial crisis sent the stock falling sharply, reaching single-digit share-price levels before bottoming out and rebounding.

It didn't take long for Hanesbrands to get back to where it had traded before the crisis, but several years of sluggish performance put a cap on the stock’s appreciation potential. That changed in late 2012. From there, the stock doubled in less than a year and substantial gains continued through 2014 and into early 2015. By the time the company decided to do a stock split, its share price had climbed almost to $130.

 
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