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Here's How Hanesbrands Grew Sales During the Pandemic

TheMotleyFool

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Here's How Hanesbrands Grew Sales During the Pandemic

Hanesbrands (NYSE: HBI) has stumbled upon a potentially significant opportunity making face masks during the pandemic. Adjusted sales increased by 5.9% in the second quarter, while adjusted earnings per share jumped 58%.

Management announced it would start making face masks earlier this year, and by July 2, Hanesbrands had produced more than 450 million. During the second-quarter conference call on July 30, management said that the new personal protective equipment (PPE) business generated $752 million in revenue during the quarter.

Image source: Getty Images.

Source Fool.com

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