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These excerpts taken from the HBI 10-K filed Feb 19, 2008. Cost
of Sales
Cost of sales declined year over year primarily as a result of
the decline in net sales. As a percent of net sales, gross
margin increased from 31.2% in 2005 to 33.2% in 2006. The
increase in gross margin percentage was primarily due to a
$140 million impact from lower cotton costs, and lower
charges for slow moving and obsolete inventories and a
$13 million impact from the benefits of prior year
restructuring actions partially offset by an $84 million
impact of lower selling prices and changes in product sales mix.
Although our 2006 results benefitted from lower cotton prices,
we anticipate cotton costs to increase in future periods.
Cost of Sales
Cost of sales declined year over year primarily as a result of the decline in net sales. As a percent of net sales, gross margin increased from 31.2% in 2005 to 33.2% in 2006. The increase in gross margin percentage was primarily due to a $140 million impact from lower cotton costs, and lower charges for slow moving and obsolete inventories and a $13 million impact from the benefits of prior year restructuring actions partially offset by an $84 million impact of lower selling prices and changes in product sales mix. Although our 2006 results benefitted from lower cotton prices, we anticipate cotton costs to increase in future periods. This excerpt taken from the HBI 8-K filed Nov 29, 2006. Cost
of Sales
Cost of sales increased year over year as a result of the
increase in net sales. Also contributing to the increase in cost
of sales was a $94 million impact from higher raw material
costs for cotton and charges for slow moving and obsolete
inventories. Our gross margin declined from 33.3% in fiscal 2004
to 31.2% in fiscal 2005.
This excerpt taken from the HBI 10-Q filed Nov 13, 2006. Cost
of Sales
Table of Contents
Cost of sales declined year over year as a result of the decline
in net sales, manufacturing cost saving initiatives and a
favorable impact from shifting certain production to lower cost
locations. These changes are partially offset by higher cotton
costs, an unfavorable shift in product mix and accelerated
depreciation as a result of our announced plans to close two
facilities in the United States and one in Mexico.
This excerpt taken from the HBI 10-K filed Sep 28, 2006. Cost
of Sales
Cost of sales increased year over year as a result of the
increase in net sales. Also contributing to the increase in cost
of sales was a $94 million impact from higher raw material
costs for cotton and charges for slow moving and obsolete
inventories. Our gross margin declined from 33.3% in fiscal 2004
to 31.2% in fiscal 2005.
This excerpt taken from the HBI 8-K filed Sep 5, 2006. Cost of Sales
53
Table of ContentsCost of sales increased year over year primarily as a result a $72 million impact of higher raw material costs for cotton and an unfavorable product sales mix. Our gross margin declined from 35.5% in fiscal 2003 to 33.3% in fiscal 2004. | EXCERPTS ON THIS PAGE:
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