The Q2FY21 sales of US-based global marketer of branded everyday basic apparel HanesBrands surged by 13 per cent sales to $1.7 billion as compared to the sales of $1.5 billion in same period of previous fiscal. However, net income for the quarter slipped to $128.6 million (Q2 FY20: $161.2 million).

The company’s gross profit for Q2 FY21 totaled to $681.6 million while operating profit rose to $217.4 million. The company’s income from operations surged to $147.8 million from $136.5 million in the corresponding quarter previous fiscal.

Segmentally, sales of innerwear dropped by 29 per cent to $780.6 million from $1.0 billion due to the overlap of last year’s $614 million of PPE sales. However, active wear sales advanced 140.0 per cent to $404.2 million from $168.4 million. Furthermore, HanesBrands' international sales jumped 90.6 per cent to $478.9 million with strong growth in Australia, Americas, Europe and Asia Pacific driven by strong consumer demand and the overlap of last year’s COVID-related shutdowns.

For the complete fiscal 2021, the company has raised its forecast and now expects net sales from continuing operations of approximately $6.85 billion, which is $550 million above its prior range of $6.2 billion to $6.3 billion.