<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 MARCH 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 May  12, 1997, 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 and six months ended March 31, 1997 and 1996)            3

             Consolidated Balance Sheets
             (As of March 31, 1997 and September 30, 1996)                   4

             Consolidated Statements of Cash Flows
             (Six months ended March 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            9-12

Part II. Other Information.

        Item 4.  Submission of Matters to a Vote of 
                 Security Holders                                           12
        Item 6.  Exhibits and Reports on Form 8-K                           12

          Signature                                                         12

Exhibit 11                                                                  13



                                       2

<PAGE>

                        HAGGAR CORP. AND SUBSIDIARIES

                    CONSOLIDATED STATEMENTS OF OPERATIONS
              (UNAUDITED, IN THOUSANDS, EXCEPT PER SHARE AMOUNTS)

<TABLE>
                                                Three Months Ended         Six Months Ended
                                                     March 31,                 March 31,
                                               --------------------     ---------------------
                                                 1997        1996         1997         1996
                                               --------    --------     --------     --------
<S>                                               <C>         <C>         <C>           <C>
Net sales                                      $ 98,608    $110,840     $202,765     $209,258

Cost of goods sold                               70,184      80,740      143,603      152,073
                                               --------    --------     --------     --------
    Gross profit                                 28,424      30,100       59,162       57,185

Selling, general and administrative expenses    (28,485)    (26,999)     (56,282)     (52,488)
Royalty income, net                                 360         603          763        1,240
                                               --------    --------     --------     --------

Operating income                                    299       3,704        3,643        5,937

Other income (expense), net                       1,262        (271)       1,190         (121)

Interest expense                                   (815)       (880)      (1,792)      (1,649)
                                               --------    --------     --------     --------

Income from operations before provision
  for income taxes                                  746       2,553        3,041        4,167

Provision  for income taxes                         306         969        1,218        1,579
                                               --------    --------     --------     --------

Net income                                     $    440    $  1,584     $  1,823     $  2,588
                                               --------    --------     --------     --------
                                               --------    --------     --------     --------

Net income per common share and
  common share equivalent                      $   0.05    $   0.19     $   0.21     $   0.30
                                               --------    --------     --------     --------
                                               --------    --------     --------     --------

Weighted average number of common shares
  and common share equivalents outstanding        8,552       8,551        8,552        8,551
                                               --------    --------     --------     --------
                                               --------    --------     --------     --------



  The accompanying notes are an integral part of these consolidated financial statements.
</TABLE>


                                             3

<PAGE>

                            HAGGAR CORP. AND SUBSIDIARIES

                             CONSOLIDATED BALANCE SHEETS
                                   (IN THOUSANDS)

                                                   March 31,   September 30,
                                                     1997          1996
                                                 -----------   -------------
                                                 (unaudited)
ASSETS
Current assets:
   Cash and cash equivalents                       $  9,103     $  2,944
   Accounts receivable, net                          48,458       74,556
   Inventories                                      109,902      116,356
   Deferred tax benefit                              13,338       12,410
   Insurance receivable                                   -          100
   Other current assets                               3,188        3,546
                                                   --------     --------
      Total current assets                          183,989      209,912

Property, plant, and equipment, net                  64,925       65,760
Other assets                                          2,507        2,662
                                                   --------     --------
                                                   $251,421     $278,334
                                                   --------     --------
                                                   --------     --------

LIABILITIES AND STOCKHOLDERS' EQUITY
Current liabilities:
   Accounts payable                                $ 15,389     $ 23,596
   Accrued liabilities                               29,937       34,524
   Accrued wages and other employee compensation      2,608        3,447
   Accrued workers' compensation expense              5,337        5,895
   Accrued health insurance expense                   2,826        2,541
   Federal income taxes payable                       1,350        1,189
   Short-term borrowings                              1,149        2,067
   Current portion of long-term debt                    418          481
                                                   --------     --------
      Total current liabilities                      59,014       73,740

Long-term debt                                       28,958       42,112
                                                   --------     --------
   Total liabilities                                 87,972      115,852

STOCKHOLDERS' EQUITY
Common stock - par value $0.10 per share;
 25,000,000 shares authorized and 8,560,636
 shares issued at March 31, 1997 and
 September 30, 1996                                     856          856
Additional paid-in capital                           41,641       41,641
Retained earnings                                   120,953      119,986
                                                   --------     --------
                                                    163,450      162,483
Less - Treasury stock, 9,254 shares at
 par value                                               (1)          (1)
                                                   --------     --------
   Total stockholders' equity                       163,449      162,482
                                                   --------     --------
                                                   $251,421     $278,334
                                                   --------     --------
                                                   --------     --------

               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)

                                                          Six Months Ended
                                                             March 31,
                                                        -------------------
                                                          1997       1996
                                                        --------   --------
CASH FLOWS FROM OPERATING ACTIVITIES
Net income                                              $  1,823   $  2,588
Adjustments to reconcile net income to net cash
 provided by operating activities:
   Depreciation and amortization                           5,515      1,887
   Loss (gain) on disposal of property, plant,
    and equipment                                           (359)        51
   Loss on sales of marketable securities                      -        532
   Changes in assets and liabilities-
      Accounts receivable, net                            26,098      3,003
      Inventories                                          6,454     (5,725)
      Federal income tax receivable                            -       (530)
      Deferred tax benefit                                  (928)     1,873
      Insurance receivable                                   100     23,990
      Other current assets                                   358      1,539
      Accounts payable                                    (8,207)    (3,139)
      Accrued liabilities and federal income
       taxes payable                                      (4,141)   (10,511)
      Accrued wages and other employee compensation         (839)      (419)
      Accrued workers' compensation expense                 (558)      (955)
                                                        --------   --------
         Net cash provided by operating activities        25,316     14,184

CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment, net           (4,750)    (8,083)
Proceeds from the sale of property, plant and    
 equipment                                                   429          -
Proceeds from the sale of marketable securities                -      5,028
Decrease in other assets                                     155      3,289
                                                        --------   --------
         Net cash provided by (used in) investing   
          activities                                      (4,166)       234

CASH FLOWS FROM FINANCING ACTIVITIES
Net proceeds (payments) from short-term borrowings          (918)       282
Proceeds from issuance of long-term debt                  26,000    266,000
Payments on long-term debt                               (39,217)  (279,202)
Payments of cash dividends                                  (856)      (856)
                                                        --------   --------
         Net cash used in financing activities           (14,991)   (13,776)

Increase in cash and cash equivalents                      6,159        642
Cash and cash equivalents, beginning of period             2,944      2,230
                                                        --------   --------
Cash and cash equivalents, end of period                $  9,103   $  2,872
                                                        --------   --------
                                                        --------   --------
Supplemental disclosure of cash flow information
Cash paid for:
   Interest, net of amounts capitalized                 $  1,312   $  1,166
   Income taxes                                         $  1,123   $    265

              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 March 31, 1997, the consolidated 
statements of operations for the three and six months ended March 31, 1997, 
and the consolidated statements of cash flows for the six months ended March 
31, 1997, 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 March 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, 1996.

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 27.2% and 
25.5% of the Company's net sales for the three months ended March 31, 1997 
and 1996, respectively.  The same customer accounted for 28.2% and 27.2% of 
the Company's net sales for the six month period ended March 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 March 31, 1997, and September 30, 1996 (in 
thousands):

                                     March 31,     September 30,
                                       1997            1996 
                                     ---------     -------------
     Piece goods                     $ 19,314        $ 23,335
     Trimmings & supplies               6,013           5,991
     Work-in-process                   14,973          13,248
     Finished garments                 69,602          73,782
                                     --------        --------
                                     $109,902        $116,356
                                     --------        --------
                                     --------        --------

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

                                      6
<PAGE>

FINANCIAL INSTRUMENTS.

The Financial Accounting Standards Board ("FASB") issued SFAS No. 115, 
"Accounting for Certain Investments in Debt and Equity Securities," which 
addresses the accounting and reporting requirements for both investments in 
equity securities that have readily determinable fair values and for all 
investments in debt securities.  During the second quarter of fiscal 1996, 
the Company sold all of its investments in preferred stock and equity 
securities. The proceeds from the sale were used to reduce borrowings under 
the Company's line of credit.

Realized gains and losses on investments in preferred stocks were determined 
on a specific identification basis.  For the three and six months ended March 
31, 1997, there were no realized gains or losses recognized.  For the three 
and six months ended March 31, 1996, realized losses of $532,000 have been 
recorded. The realized gains and losses for the three and six months ended 
March 31, 1996, are included in "Other income, net" stated in the 
accompanying Consolidated Statements of Operations.

LONG-TERM DEBT

Long-term debt consisted of the following at March 31, 1997, and September 
30, 1996 (in thousands):

                                                   March 31,    September 30,
                                                     1997           1996 
                                                   ---------    -------------
  Borrowings under revolving
   credit line                                     $     -        $13,000
                                                                 
  Industrial Development Revenue                                 
     Bonds with interest at a rate equal                         
     to that of high-quality, short-term,                        
     tax-exempt obligations, as defined                          
     (3.45% at March 31, 1997),                                  
     payable in annual installments of                           
     $100, and a final payment of                                
     $2,000 in 2005, secured by                                  
     certain buildings and equipment                 2,800          2,900
  Senior Notes Payable                              25,000         25,000
  Other                                              1,576          1,693
                                                   -------        -------
                                                    29,376         42,593
  Less - Current portion                               418            481
                                                   -------        -------
                                                   $28,958        $42,112
                                                   -------        -------
                                                   -------        -------

As of March 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 available 
borrowing capacity of approximately $81,000,000 under this Agreement at March 
31, 1997. The Company incurred approximately $91,000 in commitment fees 
related to the available borrowing capacity during the six month period ended 
March 31, 1997. The interest rates for the six month period ended March 31, 
1997, ranged from 6.03% to 8.50%, and the weighted average interest rate for 
the quarter and six month period was 8.09%.  The facility will mature 
December 31, 1998, with a one year renewal at the option of the banks 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, as defined, in excess of $149,000,000 and 
$55,000,000, respectively, as of March 31, 1997.  For fiscal years after 
1996, the Agreement requires the Company to maintain a tangible net worth in 
excess of the tangible net worth

                                      7
<PAGE>

requirement of the preceding fiscal year plus 50% of the Company's 
consolidated net income.  The Agreement prohibits the payment of any dividend 
if either a default exists or the fixed charge ratio, as defined, is less 
than 1.10 to 1.00 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 new Customer Service Center 
("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 restriction on the sale 
of assets, limitation on additional indebtedness and the maintenance of 
certain net worth requirements

NET INCOME PER COMMON SHARE AND COMMON SHARE EQUIVALENT

Net income per common share and common share equivalent is calculated by 
dividing net income applicable to common stock by the weighted average shares 
of common stock and common stock equivalents outstanding.  Common share 
equivalents represent the effect, if any, of the assumed purchase of common 
shares, using the treasury stock method, pursuant to common stock options 
issued under the Company's long-term incentive plan.

SFAS No. 128,  "Earnings Per Share," issued in February 1997, mandates a 
change in the methodology for calculating earnings per share.  The Company 
will implement the provisions of  SFAS No. 128 in the first quarter of fiscal 
1998. The implementation of SFAS No. 128 during the second quarter of fiscal 
1997 would not have had a significant impact on the calculation of earnings 
per share of the Company.

SUBSEQUENT EVENTS

Subsequent to March 31, 1997, the Company declared a cash dividend of $0.05 
per share payable to the stockholders of record on May 5, 1997.  The dividend 
of approximately $428,000 will be paid on May 19, 1997.

                                       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, 
1996.

RESULTS OF OPERATIONS

The Company's second quarter of fiscal 1997 net income to common stockholders 
of $0.4 million compares to net income of $1.6 million in the second quarter 
of fiscal 1996.  Net income to common stockholders for the six months ended 
March 31, 1997, was $1.8 million compared to $2.6 million for the six months 
ended March 31, 1996.  The reduction in net income is primarily the result of 
decreased net sales during the second quarter of fiscal 1997 compared to net 
sales during the second quarter of fiscal 1996.

Net sales for the second quarter ended March 31, 1997, decreased 11.0% to 
$98.6 million from $110.8 million for the second quarter of fiscal 1996.  The 
decrease in net sales for the second quarter of fiscal 1997 is the combined 
result of a 11.6% decrease in unit sales and a 0.7% increase in the average 
sales price. Net sales for the six months ended March 31, 1997, decreased 
3.1% to $202.8 million compared to $209.3 million in the prior fiscal year.  
The 3.1% decrease in the first six months of fiscal 1997 is the result of a 
3.1% decrease in unit sales while the average sales price remained 
approximately the same.  The decrease in unit sales for both the three months 
and six months ended March 31, 1997, is attributable to shipment delays 
commencing in the month of March as a result of problems encountered during 
the implementation of an upgraded customer service, order processing and 
billing software system. (See, "Management Information System.")

Gross profit as a percentage of net sales increased to 28.8% in the second 
quarter of fiscal 1997 compared to 27.2% in the second quarter of the prior 
fiscal year.  Gross profit for the first six months of fiscal 1997 increased 
to 29.2% compared to 27.3% in the first six months of fiscal 1996.  The 
increase in gross profit is primarily the result of lower manufacturing costs 
attributable to an increase in the proportion of offshore production relative 
to domestic production.

Selling, general and administrative expenses as a percentage of net sales 
increased to 28.9% in the second quarter of fiscal 1997 compared to 24.4% in 
the second quarter of fiscal 1996.  For the six months ended March 31, 1997, 
selling, general and administrative expenses as a percentage of net sales 
increased to 27.8% compared to 25.1% in the first six months of the prior 
fiscal year.  The increase in selling, general and administrative expenses as 
a percent of net sales for the three months and six months ended March 31, 
1997, is primarily the result of an increase in depreciation expense of 
approximately $2.3 million related to the Customer Service Center (CSC) which 
was put into service in the third quarter of 1996, together with an 
approximate $2.6 million increase in expenses related to the opening and 
operations of new retail stores. There were 17 additional retail stores open 
and operating at the end of the second quarter of fiscal 1997 as compared to 
the same quarter one year ago.

Other income for the second quarter of fiscal 1997 was $1.3 million compared 
to other expense of $0.3 million in the second quarter of fiscal 1996.  For 
the six month period ended March 31, 1997, other income was $1.2 million 
compared to other expense of $0.1 million for the same period during fiscal 
1996. The primary reasons for the increase in other income for both the three 
months and six months ended March 31, 1997, were a gain of approximately $0.4 
million on the sale of two properties and a gain of approximately $0.5 
recognized on the dissolution of a joint venture in the United Kingdom.  The 
other expense in the second quarter of fiscal 1996 primarily reflects the 
sale of the marketable security portfolio for a loss of approximately $0.5 
million.

                                       9

<PAGE>

Interest expense in the second quarter of fiscal 1997 decreased slightly to 
$0.8 million compared to $0.9 million in the second quarter of fiscal 1996.  
Interest expense for the first six months of fiscal 1997 increased to $1.8 
million compared to interest expense of $1.6 million in the first six months 
of fiscal 1996.  Although the Company has substantially reduced debt, 
interest expense has increased from the similar period of the prior fiscal 
year due to the capitalization of interest related to the CSC of 
approximately $0.7 million and $1.4 million incurred during the second 
quarter and first six months of fiscal 1996, respectively.

Income tax expense for the second quarter of fiscal 1997, as a percent of 
income before provision for income taxes, was 41.0% compared to 38.0% in the 
second quarter of fiscal 1996.  For the six months ended March 31, 1997, 
income tax expense as a percent of income before provision for income taxes 
was 40.0% compared to 37.9% in the first six months of 1996.  The effective 
tax rates for both the second quarter and the first six months of fiscal 1997 
and 1996 differ from the statutory rate because of state taxes and certain 
permanent tax differences.

LIQUIDITY AND CAPITAL RESOURCES

The Company's trade accounts receivable potentially expose the Company to 
concentrations of credit risks because 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 $26.1 million to $48.5 million at 
March 31, 1997 from $74.6 million at September 30, 1996.  This decrease in 
trade accounts receivable is the result of decreased sales volume in the 
second quarter of fiscal 1997 and seasonal reductions.

Inventories as of March 31, 1997, decreased to $109.9 million from $116.4 
million at September 30, 1996.  The continued decrease in inventory levels 
during fiscal 1996 and the first six months of fiscal 1997 reflects the 
Company's ongoing efforts to decrease inventory to a level commensurate with 
projected sales.

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.  As of 
March 31, 1997, the Company had no borrowings outstanding under the Agreement 
and had available borrowing capacity of approximately $81.0 million.

In fiscal 1995, the Company issued $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  $6.6 million in lines of credit 
with banks in the United Kingdom to fund operating activities.  As of March 
31, 1997, the subsidiary had approximately $1.1 million outstanding under 
these lines of credit.  The lines of credit have been partially 
collateralized by approximately $5.0 million in letters of credit from the 
Company and are payable upon demand.  Interest under the lines of credit is 
payable at 1% above the banks' base rates.

The Company reached an agreement in principle with its joint venturer, Coats
Viyella Plc, to dissolve and wind-up the joint venture of the two firms in the
United Kingdom.  The dissolution of this partnership resulted in an
approximately $0.5 million gain included in other income during the second
quarter of 

                                       10

<PAGE>

fiscal 1997.  The Company intends to continue to market Haggar-Registered 
Trademark- apparel in the United Kingdom, including Northern Ireland and the 
Republic of Ireland, through its Haggar UK subsidiary.

For the six months ended March 31, 1997 the Company provided cash from 
operating activities of approximately $25.3 million primarily as the result 
of a decrease in accounts receivable of $26.0 million. The Company provided 
approximately $14.2 million in cash from operating activities for the six 
months ended March 31, 1996, primarily as a result of the decrease in 
insurance receivable of $24.0 million due to the collection of proceeds from 
the insurance carrier, offset by a decrease in accrued liabilities and 
federal income taxes payable of  $10.5 million. The Company used 
approximately $4.2 million in investing activities for the six months ended 
March 31, 1997, primarily to purchase property, plant and equipment.  For the 
six months ended March 31, 1996, approximately $0.2 million in cash flow was 
provided by invested activities primarily as the net result of $5.0 million 
from the sale of all of its investments in preferred stock and equity 
securities and a decrease in other assets of $3.3 million, offset by the 
purchase of $8.1 million in property, plant and equipment.  For the six 
months ending March 31, 1997, cash flows used in financing activities were 
primarily the result of payment of $39.2 million on long-term debt offset by 
the issuance of $26.0 million in long-term debt.  Comparatively, cash flows 
used in financing activities for the six months ended March 31, 1996, were 
primarily the result of payment of $279.2 million on long-term debt offset by 
the issuance of $266.0 million in long-term debt.

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.

NEW ACCOUNTING STANDARDS.

In October 1995, the Financial Accounting Standards Board issued SFAS No. 
123, "Accounting for Stock-Based Compensation."  As a result of this 
statement, the Company will begin to provide additional disclosures related 
to its stock based compensation plans in its 1997 audited financial 
statements.  Adoption of SFAS No. 123 will not have a material effect on the 
Company's financial position or results of operations.

SFAS No. 128, "Earnings Per Share," issued in February 1997, mandates a 
change in the methodology for calculating earnings per share.  The Company 
will implement the provisions of SFAS No. 128 in the first quarter of fiscal 
1998. The implementation of SFAS No. 128 during the second quarter of fiscal 
1997 would not have had a significant impact on the calculation of earnings 
per share of the Company.

MANAGEMENT INFORMATION SYSTEM.

During the second quarter of fiscal 1997, the Company modified its previous 
management information systems by implementing a software system to manage, 
among other things, customer service, order allocation, billing to customers 
and calculations of commissions for the Company's sales associates.  The 
Company expects this system to ultimately improve operational efficiencies 
and facilitate future growth.  However, during the implementation of this 
system, the Company encountered problems that adversely impacted the second 
quarter of fiscal 1997, primarily as the result of shipping delays in March.  
While the Company continues to address these issues and improve system 
functionality, the Company may also experience some disruption in shipments 
during the third quarter.

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 

                                       11

<PAGE>

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.

PART II.  OTHER INFORMATION.

ITEM 4. SUBMISSION OF MATTERS TO A VOTE OF  SECURITY HOLDERS.

The Company's Annual Meeting of Stockholders was held on February 13, 1997.  
At such meeting, Frank D. Bracken and Rae F. Evans were elected to serve as 
Class I directors of the Company for a three-year term and until their 
respective successors are elected and qualified.  Of 7,908,811 shares 
represented at the meeting in person or by proxy, Mr. Bracken and Mrs. Evans 
received 7,830,396 and 7,876,175 votes, respectively, for their election as 
Class I directors.  Other directors whose term of office continued after the 
meeting are J.M. Haggar, III, Norman E. Brinker, Richard W. Heath and Carlos 
H. Cantu.

The appointment of Arthur Andersen LLP was ratified with 7,892,456 shares 
voted for, 7,994 shares voted against, no broker nonvotes and 8,361 shares 
abstained.

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

                                                                    Pages

11   Statement Regarding Computation of Net Income per Common Share.  13

(b)  No reports on Form 8-K filed 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: May 13, 1997                 By:  /s/ Billy G. Langston
      ------------                     ----------------------------
                                       Billy G. Langston
                                       Senior Vice President, 
                                       Administration and Planning

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

                                       12