(Reuters) - NEW YORK, April 26 - Bra and underwear maker Hanesbrands Inc. on Thursday reported sharply lower quarterly profit, hurt by restructuring costs related to its spinoff from Sara Lee last year, and higher interest expenses.
The maker of the Wonderbra and Champion T-shirts said net income in the first quarter was $12 million, or 12 cents per share, compared with $74.6 million, or 77 cents per share, a year earlier, before the spinoff.
Read more at Reuters.com Market News
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