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Hanesbrands posts $26.8 million loss Story Date: 4/23/2012
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Source: Richard Craver, WINSTON-SALEM JOURNAL, 4/19/12
Hanesbrands Inc. took a "less bad is better" approach to its first-quarter earnings report Thursday. The company warned in January that historically high cotton costs and "hypercompetitive pricing" in the wholesale screen-print market would contribute to as high as a 35-cent earnings loss in the first quarter.
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