American clothing company HanesBrands Inc has reported its financial results for the third quarter (Q3) of 2025 ended September 27, with net sales from continuing operations of $892 million, marking a 1 per cent year-on-year (YoY) decline. On an organic constant currency basis, sales fell 4.9 per cent. Despite the revenue slip, operating profit rose 14 per cent to $108 million.

The operating margin improved 160 basis points (bps) to 12.1 per cent, driven by lower selling, general and administrative (SG&A) expenses and effective cost-saving initiatives.

US’ HanesBrands Inc has reported net sales of $892 million in Q3 2025, down 1 per cent YoY, while operating profit rose 14 per cent to $108 million and margin improved to 12.1 per cent.
EPS surged 986 per cent to $0.76, aided by tax benefits.
Despite weaker US and international sales, cost savings, margin expansion, and market share gains strengthened results ahead of its merger with Gildan.

Adjusted operating profit increased 3 per cent to $116 million, with an adjusted operating margin of 13 per cent—up 45 bps YoY. Gross profit slipped 3 per cent to $363 million, with gross margin narrowing 70 bps to 40.8 per cent, primarily due to an unfavourable business and customer mix.

The earnings per share (EPS) surged 986 per cent to $0.76, boosted by a $0.64 per share discrete tax benefit. Adjusted EPS climbed 25 per cent to $0.15, reflecting stronger operational performance and lower interest expenses. The balance sheet continued to strengthen, with leverage decreasing to 3.3 times net debt-to-adjusted EBITDA, compared to 4.3 times a year ago, HanesBrands said in a press release.

In the US market, net sales declined 4.5 per cent due to a late-quarter shift in replenishment orders at a large retail partner. Nevertheless, HanesBrands saw sequential improvement in unit point-of-sale trends each month and recorded a successful back-to-school season, with the Hanes brand gaining market share. Operating margin in the segment rose 20 bps to 22.2 per cent.

International net sales fell 8 per cent on a reported basis, including a $4 million forex headwind, and 6 per cent in constant currency. Sales improved in Japan but declined in the Americas and Australia. The operating margin in the segment dropped 230 bps to 10.2 per cent, impacted by lower volume and higher brand investment.

The cash flow from operations stood at $28 million, down from $92 million in Q3 2024, while free cash flow totalled $22 million, compared to $88 million last year. Inventory levels rose 10 per cent YoY to $991 million, largely due to tariff-related impacts, though stock keeping unit (SKU) count was reduced by 5 per cent year-to-date, reflecting tighter inventory management.

“Our top-line results for the quarter reflect an unanticipated late quarter shift in replenishment orders at one of our large US retail partners; however, we saw underlying fundamentals of our business continue to improve in the quarter. Our inventory position at retail is strong. We are encouraged by our unit point-of-sale trends, which sequentially improved each month during the quarter. We are also pleased with our strong back-to-school season as the Hanes brand continued to gain market share,” said Steve Bratspies, CEO at HanesBrands Inc.

“In addition, the continued execution of our cost savings initiatives drove operating profit growth and operating margin expansion, which along with lower interest expense, combined to generate a 25 per cent increase in adjusted earnings per share in the quarter. Looking forward, our team remains focused on driving the business and the successful completion of the transaction with Gildan,” added Bratspies.

HanesBrands and Gildan Activewear entered into a definitive merger agreement on August 13, 2025, under which Gildan will acquire HanesBrands. While the company will not be providing guidance going forward due to the pending transaction, it believes it’s on track to meet its previously provided full-year 2025 EPS outlook, added the release.

Fibre2Fashion News Desk (SG)

The Diamond Lab is having a busy few months and one of the reasons is that it has “opened its latest funding round to the public, following an overwhelming response from its community of clients and supporters”.

The “ethical” fine jewellery brand said that after choosing to pivot from institutional investors to a community-led raise, it reached over £500,000 in pledges within two weeks of launching its private campaign. 

The brand is now on track to complete its £530,000 round at a £9.5 million valuation, closing on 1 December or sooner if the target is reached.

Funds raised will be used to accelerate marketing, digital growth, and inventory expansion as it “prepares for global scale — including entry into the Middle East market and strengthening its tech and operations infrastructure”.

And long-term, the brand said it “aims to become the global leader in ethical fine jewellery, combining innovation, sustainability, and design to make lab-grown luxury accessible to everyday consumers”.

Founder Jamie Patel said: “Our brand has always been built on community, so this approach felt right. It not only fuels our next stage of growth but also gives our clients, friends, and supporters the chance to invest and be part of our journey.”

The company is also busy on another front. It has joined forces with Maddox Gallery to create “a first-of-its-kind luxury immersive shopping experience” inside Selfridges’ VIP lounge running until 16 December.

Complete with food and drink, it’s been transformed into an “intimate collector’s salon, for a fusion of contemporary art and ethical diamonds this Christmas”. The company said that at the heart is a collection of “rare, never-before-seen lab-grown diamonds, including stones ranging from 20 to 70 carats, placed in a setting adorned with icons of pop, conceptual and photographic art from Andy Warhol, Banksy, David Yarrow, The Connor Brothers, Will Martyr, Mel Bochner, RETNA and Cooper, curated by Maddox”.

Visitors can “meet with experts, collaborating with in-house designers and art consultants to bring their bespoke jewellery vision to life”.

Each element of the concept has been conceived as a “multi-sensory experience that celebrates art, innovation and beauty”.