Hanesbrands Inc. (NYSE:HBI) shares are trading higher after the company reported second-quarter results. The company reported quarterly adjusted earnings per share of 15 cents, beating the street view of 10 cents. Adjusted gross margin of 39.8% increased approximately 525 basis points as compared to second-quarter 2023. The year-over-year improvement was driven primarily by lower input costs as the company continues to anniversary the impact from peak inflation as well as the benefits from cost savings initiatives. “We delivered solid second-quarter results in a challenging consumer and apparel market, including better-than-expected U.S. innerwear performance and margin expansion,” said Steve Bratspies, CEO. Quarterly sales from continuing operations were $995.4 million versus the analyst consensus of $1.357 billion. Also Read: Asia Mixed, Europe Markets Dip; Crude Falls Below $75 ...