HanesBrands reported third-quarter 2025 net sales of $892 million, down 1% year on year, while operating profit rose 14% to $108 million, lifting operating margin by 160 basis points to 12.1%. Adjusted operating profit increased 3% to $116 million with an adjusted margin of 13.0%.

Earnings per share were $0.76 versus $0.07 a year earlier, reflecting a $0.64 per share discrete tax benefit. Adjusted EPS increased 25% to $0.15. The company said leverage improved to 3.3 times net debt-to-adjusted EBITDA, an improvement of one turn versus last year.

Management cited an unanticipated late-quarter shift in replenishment orders at a major US retail partner but noted sequential improvement in unit point-of-sale trends and a strong back-to-school season for the Hanes brand. Lower SG&A, cost-saving initiatives and reduced interest expense supported profitability.

As previously announced on 13 August 2025, HanesBrands entered a definitive merger agreement under which Gildan will acquire the company. In light of the pending transaction, HanesBrands is not hosting a results call and will not provide forward guidance but believes it is on track to meet its full-year 2025 EPS outlook.

www.hanesbrands.com