Hanesbrands posts 4Q loss of $1.1 million as quarterly sales fall 4.5 percent

Hanesbrands posts 4Q loss of $1.1M

WINSTON-SALEM, N.C. — Hanesbrands Inc., a maker of pantyhose, underwear, casual clothes and active wear, said Wednesday it posted a fourth-quarter loss of $1.1 million.

The loss amounted to a penny per share for the company, whose brands include Champion, L’eggs, Wonderbra and Duofold.

Its quarterly sales fell 4.5 percent to $989 million, though the company said sales rose 1 percent once a calendar difference is taken into account.

The Winston-Salem, N.C., company earned $17.9 million, or 19 cents per share, on revenue of $1.03 billion in the same period a year earlier.

The company said its T-shirt operations affected by the Jan. 12 earthquake off the coast of Haiti have resumed. And it doesn’t expect the shutdown to materially affect its results for the current quarter.

Excluding charges related to a restructuring, Hanesbrands earned $54.2 million, or 56 cents per share, in the quarter that ended Jan. 2. That equals the average estimate of analysts polled by Thomson Reuters, who typically exclude one-time items.

The company said the results also were in line with its own estimate.

For the full year, Hanesbrands earned $51.3 million, or 54 cents per share, compared with $127 million, or $1.34 per share, in the year that ended in January 2009. Its revenue fell 8.4 percent from $4.25 billion last year to $3.89 billion in the year that ended Jan. 2 this year.

The company said it expects 2010 sales to grow 5 percent.

Its shares rose 16 cents to $23.16 during regular trading Wednesday.