Net sales of American firm HanesBrands at $1.16 bn in Q1 FY24

American apparel company HanesBrands reported Q1 FY24 net sales of $1.16 billion, marking a 17 per cent decrease from the previous year.
The global sales of the Champion brand decreased by 26 per cent, overshadowing growth in markets like Japan, China, and Latin America.
The company saw improvements in gross margins, reaching 39.9 per cent.

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