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Actionable news in HBI: HANESBRANDS Inc,

Hanesbrands profit rises sharply on acquisitions

Hanesbrands Inc.'s profit rose sharply, bolstered by higher sales and operational savings from a series of acquisitions.

Shares, down 17% over the past 12 months, rose 7% to $30.03 in after-hours trading.

Founded in 1901, Hanesbrands was spun off in 2006 from Sara Lee Corp. and includes such brands as Hanes, Champion, Playtex, maidenform and Abanderado.

Sara Lee has since merged with Tyson Foods.

In the most recent...