<PAGE>

                                 UNITED STATES
                      SECURITIES AND EXCHANGE COMMISSION
                            WASHINGTON, D.C. 20549
                                       
                                  -----------
                                       
                                   FORM 10-Q

                                  -----------

(Mark One)

 X   Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange
___  Act of 1934

FOR THE QUARTERLY PERIOD ENDED DECEMBER 31, 1997.
                                OR
     Transition report pursuant to Section 13 or 15(d) of the Securities 
___  Exchange Act of 1934

FOR THE TRANSITION PERIOD FROM ________ TO ________.

COMMISSION FILE NUMBER:  0-20850


                                 HAGGAR CORP.
          (Exact name of the registrant as specified in the charter)
                                       

                 NEVADA                                     75-2187001
    (State or other jurisdiction of                      (I.R.S. Employer
    incorporation or organization)                    Identification Number)

                              6113 LEMMON AVENUE
                              DALLAS, TEXAS 75209
                   (Address of principal executive offices)
                                       
                        TELEPHONE NUMBER (214) 352-8481
              (Registrant's telephone number including area code)


Indicate by a check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the 12 months (or for such shorter period that the registrant was
required to file such reports) and (2) has been subject to such filing
requirements for the past 90 days.

                Yes  X                           No
                    ---                             ---

As of February 13, 1998, there were 8,551,382 shares of the Registrant's Common
Stock outstanding.
<PAGE>

                         HAGGAR CORP. AND SUBSIDIARIES
                                       
                                     INDEX


Part I. Financial Information

        Item 1. Financial Statements

            Consolidated Statements of Operations
            (Three months ended December 31, 1997 and 1996)              3

            Consolidated Balance Sheets
            (As of December 31, 1997 and September 30, 1997)             4

            Consolidated Statements of Cash Flows
            (Three months ended December 31, 1997 and 1996)              5

            Notes to Consolidated Financial Statements                 6-8

        Item 2. Management's Discussion and Analysis of 
                Financial Condition and Results of Operations         9-11

Part II. Other Information.

        Item 6. Exhibits and Reports on Form 8-K                        12

Signature                                                               12
                                       


                                       2
<PAGE>

                         HAGGAR CORP. AND SUBSIDIARIES
                                       
                     CONSOLIDATED STATEMENTS OF OPERATIONS
              (UNAUDITED, IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)
                                       
                                       
<TABLE>
                                                Three Months Ended
                                                    December 31,
                                               ---------------------
                                                 1997         1996
                                               --------     --------
<S>                                            <C>          <C>
Net sales                                      $102,471     $104,157
Cost of goods sold                               71,558       73,419
                                               --------     --------
  Gross profit                                   30,913       30,738
Selling, general and administrative expenses    (28,931)     (27,797)
Royalty income, net                                 525          403
                                               --------     --------
Operating income                                  2,507        3,344
Other income (expense), net                         203          (72)
Interest expense                                   (872)        (977)
                                               --------     --------
Income from operations before provision
  for income taxes                                1,838        2,295
Provision for income taxes                          708          912
                                               --------     --------
Net income                                     $  1,130     $  1,383
                                               --------     --------
                                               --------     --------
Net income per share - Basic and Diluted       $   0.13     $   0.16
                                               --------     --------
                                               --------     --------
Weighted average shares outstanding
 - Basic                                          8,551        8,551
                                               --------     --------
                                               --------     --------
Weighted average shares outstanding
 - Diluted                                        8,597        8,556
                                               --------     --------
                                               --------     --------
</TABLE>

            The accompanying notes are an integral part of 
              these consolidated financial statements.

                                   3
<PAGE>

                         HAGGAR CORP. AND SUBSIDIARIES
                                       
                          CONSOLIDATED BALANCE SHEETS
                                (IN THOUSANDS)

<TABLE>
                                                     December 31,  September 30,
                                                         1997          1997
                                                     (unaudited)
                                                     -----------   -------------
<S>                                                     <C>         <C>
ASSETS
Current assets:
   Cash and cash equivalents                            $ 14,205    $  2,176
   Accounts receivable, net                               50,791      70,969
   Inventories                                           102,547     105,242
   Deferred tax benefit                                   10,073      10,073
   Other current assets                                    3,675       3,833
                                                        --------    --------
      Total current assets                               181,291     192,293

Property, plant, and equipment, net                       67,606      68,697
Other assets                                               2,507       1,063
                                                        --------    --------
Total Assets                                            $251,404    $262,053
                                                        --------    --------
                                                        --------    --------
LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
   Accounts payable                                     $ 10,149    $ 28,423
   Accrued liabilities                                    36,438      26,195
   Accrued wages and other employee
    compensation                                           2,571       3,481
   Accrued workers' compensation
    expense                                                4,947       4,948
   Short-term borrowings                                   3,007       2,362
   Current portion of long-term debt                       3,856         330
                                                        --------    --------
      Total current liabilities                           60,968      65,739

Long-term debt                                            25,220      31,800
                                                        --------    --------
   Total liabilities                                      86,188      97,539

STOCKHOLDERS' EQUITY
Common stock - par value $0.10 per
   share; 25,000,000 shares authorized
   and 8,560,636 shares issued at
   December 31, 1997 and
   September 30, 1997                                        856         856
Additional paid-in capital                                41,641      41,641
Retained earnings                                        122,720     122,018
                                                        --------    --------
                                                         165,217     164,515
Less - Treasury stock, 9,254 shares at
   par value                                                  (1)         (1)
                                                        --------    --------
      Total stockholders' equity                         165,216     164,514
                                                        --------    --------
Total Liabilities and Stockholders' Equity              $251,404    $262,053
                                                        --------    --------
                                                        --------    --------
</TABLE>

                The accompanying notes are an integral part of 
                   these consolidated financial statements.

                                      4
<PAGE>

                         HAGGAR CORP. AND SUBSIDIARIES

                     CONSOLIDATED STATEMENTS OF CASH FLOWS
                           (UNAUDITED, IN THOUSANDS)
<TABLE>
                                                          Three Months Ended
                                                             December 31,
                                                          ------------------
                                                            1997      1996
                                                          --------  --------
<S>                                                       <C>       <C>
CASH FLOWS FROM OPERATING ACTIVITIES
Net income                                                 $1,130    $1,383
Adjustments to reconcile net income to net cash
 provided by operating activities:
 Depreciation and amortization                              3,209     2,675
 Gain on disposal of property, plant, and equipment           -         (19)
Changes in assets and liabilities-
 Accounts receivable, net                                  20,178    28,090
 Inventories                                                2,695     4,723
 Current deferred tax benefit                                 -      (2,367)
 Other current assets                                         158       284
 Accounts payable                                         (18,274)  (10,904)
 Accrued liabilities                                       10,243     3,480
 Accrued wages and other employee compensation               (910)     (961)
 Accrued workers' compensation expense                         (1)     (149)
                                                         --------  --------
     Net cash provided by operating activities             18,428    26,235

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant, and equipment, net           (2,118)   (2,416)
Proceeds from sale of property, plant, and equipment, net     -          64
(Increase) decrease in other assets                        (1,444)      168
                                                         --------  --------
     Net cash used in investing activities                 (3,562)   (2,184)

CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds from short-term borrowings                       645     1,014
Proceeds from issuance of long-term debt                   18,000    26,000
Payments on long-term debt                                (21,054)  (39,154)
Payments of cash dividends                                   (428)     (428)
                                                         --------  --------
     Net cash used in financing activities                 (2,837)  (12,568)

Increase in cash and cash equivalents                      12,029    11,483
Cash and cash equivalents, beginning of period              2,176     2,944
                                                         --------  --------
Cash and cash equivalents, end of period                  $14,205   $14,427
                                                         --------  --------
                                                         --------  --------

Supplemental disclosure of cash flow information
Cash paid for:
 Interest                                                 $ 1,431   $ 1,246
 Income taxes                                             $    19   $    54
</TABLE>
The accompanying notes are an integral part of these consolidated financial 
                                  statements.

                                       5

<PAGE>

                         HAGGAR CORP. AND SUBSIDIARIES

                  NOTES TO CONSOLIDATED FINANCIAL STATEMENTS


CONSOLIDATED FINANCIAL STATEMENTS.

The consolidated balance sheet as of December 31, 1997, and the consolidated 
statements of operations and cash flows for the three months ended December 
31, 1997 and 1996, have been prepared by Haggar Corp. (the "Company") without 
audit.  In the opinion of management, all necessary adjustments (which 
include only normal recurring adjustments) to present fairly the consolidated 
financial position, results of operations, and cash flows of the Company at 
December 31, 1997, and for all other periods presented, have been made.  
Certain information and footnote disclosures normally included in the 
financial statements prepared in accordance with generally accepted 
accounting principles have been omitted. These financial statements should be 
read in conjunction with the financial statements and accompanying footnotes 
in the Company's Annual Report on Form 10-K for the year ended September 30, 
1997.

CONCENTRATIONS OF CREDIT RISK.

Financial instruments which potentially expose the Company to concentrations 
of credit risk, as defined by Statement of Financial Accounting Standards 
("SFAS") No. 105, "Disclosure of Information about Financial Instruments with 
Off-Balance Sheet Risk and Financial Instruments with Concentrations of 
Credit Risk," consist primarily of trade accounts receivable.  The Company's 
customers are not concentrated in any specific geographic region but are 
concentrated in the apparel industry.  One customer accounted for 31.3% and 
28.9% of the Company's net sales for the three months ended December 31, 1997 
and 1996, respectively.  The Company performs ongoing credit evaluations of 
its customers' financial condition and establishes an allowance for doubtful 
accounts based upon factors surrounding the credit risk of specific 
customers, historical trends, and other information.

INVENTORIES.

Inventories are stated at the lower of cost (first-in, first-out) or market 
and consisted of the following at December 31, 1997, and September 30, 1997 
(in thousands):

<TABLE>
                                     December 31, September 30,
                                         1997         1997
                                     ------------ -------------
       <S>                           <C>          <C>
       Piece goods                     $ 15,210    $  17,455
       Trimmings & supplies               3,695        3,841
       Work-in-process                   12,808       16,162
       Finished garments                 70,834       67,784
                                       --------    ---------
                                       $102,547    $ 105,242
                                       --------    ---------
                                       --------    ---------
</TABLE>

Work-in-process and finished garments inventories consisted of materials, labor
and manufacturing overhead.

                                       6

<PAGE>

LONG-TERM DEBT

Long-term debt consisted of the following at December 31, 1997, and September 
30, 1997 (in thousands):
<TABLE>
                                               December 31,   September 30,
                                                   1997           1997
                                               ------------   -------------
       <S>                                     <C>            <C>
       Borrowings under revolving
           credit line                           $     -        $ 3,000

       Industrial Development Revenue
          Bonds with interest at a rate equal
          to that of high-quality, short-term,
          tax-exempt obligations, as defined
          (4.2% at December 31, 1997),
          payable in annual installments of
          $100 and a final payment of
          $2,000 in 2005, secured by
          certain buildings and equipment          2,700          2,800
       Allstate notes                             25,000         25,000
       Other                                       1,376          1,330
                                                 -------        -------
                                                  29,076         32,130
       Less - Current portion                      3,856            330
                                                 -------        -------
                                                 $25,220        $31,800
                                                 -------        -------
                                                 -------        -------
</TABLE>

Net assets mortgaged or subject to lien under the Industrial Development 
Revenue Bonds totaled approximately $1,200,000 at December 31, 1997.

As of December 31, 1997, the Company had a $100,000,000 revolving credit line 
agreement (the "Agreement") with certain banks subject to certain borrowing 
base limitations.  The Company had no debt outstanding and additional 
available borrowing capacity of approximately $88,000,000 under this 
Agreement at December 31, 1997.  The Company incurred approximately $44,000 
in commitment fees related to the available borrowing capacity during the 
quarter ended December 31, 1997.  The interest rates for the quarter ended 
December 31, 1997, ranged from 6.13% to 8.5%, and the weighted average 
interest rate for the quarter was 8.11%. The facility will mature December 
31, 1999, with a one year renewal at the option of the bank and is unsecured, 
except that the Company is prohibited from pledging its accounts receivables 
and inventories during the term of the Agreement.  The Agreement contains 
limitations on incurring additional indebtedness and requires the maintenance 
of certain financial ratios.  In addition, the Agreement requires the Company 
and Haggar Clothing Co., the Company's main operating subsidiary, to maintain 
tangible net worth in excess of $151,000,000 and $55,000,000, respectively, 
as of December 31, 1997. The Agreement requires the Company to maintain a 
tangible net worth in excess of the tangible net worth of the preceding 
fiscal year plus 50% of the Company's consolidated net income.  The Agreement 
prohibits the payment of any dividend if  a default exists after giving 
effect to such dividend.

In fiscal 1995, the Company completed the sale and issuance of $25,000,000 in 
senior notes (the "Allstate notes").  Proceeds from the notes were used to 
partially fund the construction of the Company's Customer Service Center (the 
"CSC").  Significant terms of the senior notes include a maturity date of ten 
years from the date of issuance, interest payable semi-annually and annual 
principal payments beginning in the fourth year.  The interest rate on the 
senior notes is fixed at 8.49%.  The terms and conditions of the note 
purchase agreement governing the senior notes include restrictions on the 
sale of assets, limitations on additional indebtedness and the maintenance of 
certain net worth requirements.

                                       7

<PAGE>

NET INCOME PER COMMON SHARE - BASIC AND NET INCOME PER COMMON SHARE - DILUTED

SFAS No. 128, "Earnings per Share," issued in February 1997, mandated a 
change in the methodology for calculating earnings per share.  The Company 
implemented the provisions of SFAS No. 128 during this first quarter of 
fiscal 1998.  All periods prior to October 1, 1997 have been restated to 
conform with the standards of SFAS No. 128.  The implementation of this 
change did not have a significant impact on the calculation of earnings per 
share of the Company for the first quarter of fiscal 1998 or 1997.

Basic earnings per share excludes dilution and is computed by dividing net 
income by the weighted-average number of common shares outstanding for the 
period.  Diluted earnings per share is computed by dividing net income by 
the sum of the weighted-average number of common shares outstanding for the 
period and the number of equivalent shares assumed outstanding under the 
Company's stock based compensation plans.

Options to purchase 414,999 common shares at prices ranging from $14.50 to 
$37.88 were not dilutive and were outstanding for the three months ended 
December 31, 1997.  Options to purchase 510,695 common shares at prices 
ranging from $18.25 to $37.88 were not dilutive and were outstanding for the 
three months ended December 31, 1996.  These shares for the aforementioned 
periods were not included in the diluted earnings per share calculation 
because the options' exercise prices were greater than the average market 
price of the common shares.  Diluted earnings per share was calculated as 
follows (unaudited, in thousands, except per share data):
<TABLE>
                                                          Three Months Ended
                                                       December 31, December 31
                                                           1997         1996
                                                       ------------ -----------
<S>                                                    <C>          <C>
Net income                                                $1,130      $1,363

Weighted average common shares outstanding                 8,551       8,551

Shares equivalents, due to stock options                      46           5
                                                       ---------    --------
                                                           8,597       8,556
                                                       ---------    --------
                                                       ---------    --------
Net income per share - Diluted                             $0.13       $0.16
                                                       ---------    --------
                                                       ---------    --------
</TABLE>

SUBSEQUENT EVENTS

On January 21, 1998, the Company declared a cash dividend of $0.05 per share 
payable to the stockholders of record on February 2, 1998.  The dividend of 
approximately $428,000 will be paid on February 16, 1998.

                                       8

<PAGE>

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND 
RESULTS OF OPERATIONS

The following discussion should be read in conjunction with the attached 
consolidated financial statements and the notes thereto, and with the 
Company's Annual Report on Form 10-K for the fiscal year ended September 30, 
1997.

RESULTS OF OPERATIONS

The Company's first quarter fiscal 1998 net income of $1.1 million compares 
to a net income of $1.4 million in the first quarter fiscal 1997.  The 
decrease in net income is primarily due to a decrease in net sales and an 
increase in selling, general and administrative expenses, as partially offset 
by an increase in gross margin as well as an increase in other income.

Net sales for the first quarter of fiscal 1998, decreased 1.5% to $102.5 
million from $104.1 million for the first quarter of fiscal 1997.  The 
decrease in net sales for the first quarter of fiscal 1998 is the net result 
of a 8.0% decrease in unit sales and a 6.4% increase in the average sales 
price.  Net sales for the first quarter of fiscal 1998 were adversely 
affected by soft sales at retail and competitive pressures resulting from a 
changing retail environment.

Gross profit as a percentage of net sales increased to 30.2% in the first 
quarter of fiscal 1998 compared to 29.5% in the first quarter of the prior 
fiscal year. This increase in gross profit is primarily the result of an 
improved manufacturing mix, which slightly reduced cost per unit.

Selling, general and administrative expenses as a percentage of net sales 
increased to 27.7% in the first quarter of fiscal 1998 compared to 26.7% in 
the first quarter of fiscal 1997.  The increase in selling, general and 
administrative expenses as a percent of net sales is primarily the result of 
an approximate $1.0 million increase in expenses related to the opening and 
operations of new retail stores during fiscal 1997 and 1998.  At the end of 
the first quarter of fiscal 1998, 47 retail stores were open and operational, 
as compared to 34 retail stores at the end of the same period one year ago.

Income tax expense for the first quarter of fiscal 1998 decreased primarily 
as a result of the lower level of net income.  As a percent of taxable 
income, income tax expense was 38.5%, compared to 39.7% for the first quarter 
of fiscal 1997.  The effective tax rate for the first quarter of fiscal 1998 
differs from the statutory rate because of certain permanent tax differences 
and state income taxes.

LIQUIDITY AND CAPITAL RESOURCES

The Company's trade accounts receivable potentially expose the Company to 
concentrations of credit risks as most of its customers are in the retail 
apparel industry.  The Company performs ongoing credit evaluations of its 
customers' financial condition and establishes an allowance for doubtful 
accounts based upon the factors related to the credit risk of specific 
customers, historical trends and other information.  The Company's trade 
accounts receivable decreased approximately $20.2 million to $50.8 million at 
December 31, 1997 from $71.0 million at September 30, 1997.  This decrease in 
trade accounts receivable is primarily the result of seasonal reductions.

Inventories as of December 31, 1997, decreased to $102.5 million from $105.2 
million at September 30, 1997.  The continued decrease in inventory levels 
during fiscal 1997 and the first quarter of fiscal 1998 reflects the 
Company's ongoing efforts to decrease inventory to a level commensurate with 
projected sales.

                                       9

<PAGE>

The Company's ongoing external financing needs are met through an unsecured 
revolving credit facility with certain banks.  The Agreement provides the 
Company with a $100.0 million line of credit.  The amount available under the 
Agreement is limited to the lesser of $100.0 million minus any letter of 
credit exposure or the borrowing base as defined in the Agreement.  The 
facility will mature December 31, 1999, with a one year renewal at the option 
of the bank. As of December 31, 1997, the Company had no borrowings 
outstanding under the Agreement and had available borrowing capacity of 
approximately $88.0 million.

In fiscal 1995, the Company completed the sale and issuance of $25.0 million 
in senior notes.  Significant terms of the senior notes include a maturity 
date of ten years from the date of issuance, interest payable semi-annually 
and annual principal payments beginning in the fourth year.  The interest 
rate on the senior notes is fixed at 8.49%.  The terms and conditions of the 
note purchase agreement governing the senior notes include restrictions on 
the sale of assets, limitations on additional indebtedness, and the 
maintenance of certain net worth requirements.

The Company's Haggar UK subsidiary maintains a $3.2 million line of credit 
with a bank in the United Kingdom to fund its operating activities.  As of 
December 31, 1997, the subsidiary had approximately $3.0 million outstanding 
under this line of credit. The line of credit has been collateralized by an 
approximately $3.2 million letter of credit from the Company and is payable 
upon demand. Interest under the line of credit is payable at 1% above the 
bank's base rate. In January 1998, this line of credit was extended and 
increased to approximately $4.0 million.

The Company provided cash from operating activities for the three months 
ended December 31, 1997, of $18.4 million, primarily as a result of the 
reduction in inventory of $2.7 million, as well as the reduction in accounts 
receivable of $20.2 million.  Additionally, the Company used cash in 
investing activities of $3.6 million during the first three months of fiscal 
1998, the result of purchases of property, plant, and equipment of $2.1 
million primarily in conjunction with the opening of retail stores and 
purchase of visual fixtures during the first quarter of fiscal 1998.  The 
Company had 47 retail stores open at the end of the first quarter of fiscal 
1998, compared to 34 at the end of first quarter of fiscal 1997. Furthermore, 
cash flows used in financing activities of $2.8 million for the three months 
ended December 31, 1997, were primarily the result of a net reduction in 
long-term debt of $3.0 million. Comparatively, the Company provided cash from 
operating activities of $26.2 million for the three months ended December 31, 
1996, primarily as a result of the reduction in inventory of $4.7 million, as 
well as the reduction in accounts receivable of $28.1 million.  During the 
first quarter of fiscal 1997, the Company used cash in investing activities 
of $2.2 million, the result of purchases of $2.4 million in property, plant, 
and equipment primarily in conjunction with the opening of retail and 
purchase of visual fixtures. Additionally, cash flows used in financing 
activities of $12.6 million were due to a net decrease in long-term debt of 
$13.2 million during the first quarter of fiscal 1997.

The Company believes that the cash flow generated from operations and the 
funds available under the foregoing credit facilities will be adequate to 
meet its working capital and related financing needs for the foreseeable 
future.

YEAR 2000 CONSIDERATIONS

The Company is taking actions to determine that its computer systems are 
capable of processing periods for the year 2000 and beyond.  The Company has 
assessed and continues to assess the impact of the year 2000 on its 
operations, including the development of cost estimates for and the extent of 
programming changes required to address the issue, and to date has determined 
the costs related thereto would not have a material impact on its ongoing 
results of operations.  Also, the Company is assessing the impact of their 
customers' and vendors' compliance to year 2000 and what the impact will be 
on the Company's ongoing results of operation.

                                       10

<PAGE>

FORWARD LOOKING STATEMENTS.

This report contains certain forward-looking statements.  In addition, from 
time to time the Company may issue press releases and other written 
communications, and representatives of the Company may make oral statements, 
which contain forward-looking information.  Except for historical 
information, matters discussed in such oral and written communications are 
forward-looking statements that involve risks and uncertainties which could 
cause actual results to differ materially from those in such forward-looking 
statements.

Risks and uncertainties inherent to the Company's line of business include 
such factors as natural disasters, general economic conditions, the 
performance of the retail sector in general and the apparel industry in 
particular, the competitive environment, consumer acceptance of new products, 
and the success of advertising, marketing and promotional campaigns.  
Additional risks and uncertainties which could cause the Company's actual 
results to differ from those contained in any forward-looking statements are 
discussed elsewhere herein.

                                       11

<PAGE>

PART II.  OTHER INFORMATION.

ITEM 6. EXHIBITS AND REPORTS ON FORM 8-K.

    (a) Exhibit 27  Financial Data Schedule

    (b) No reports on Form 8-K have been filed during the quarter for which
        this report is filed.

Pursuant to the requirements of the Securities Exchange Act of 1934, the 
registrant has duly caused this report to be signed on its behalf by the 
undersigned thereunto duly authorized.

                                    Haggar Corp.,



Date: February 13, 1998             By:   /s/ David M. Tehle
                                          --------------------------
                                          David M. Tehle
                                          Sr. Vice President
                                          Chief Financial Officer

                                          Signed on behalf of the
                                          registrant and as principal
                                          financial officer.


                                       12