HanesBrands (HBI) Tops Q1 EPS by 4c

HanesBrands (NYSE: HBI) reported Q1 EPS of $0.26, $0.04 better than the analyst estimate of $0.22. Revenue for the quarter came in at $1.22 billion versus the consensus estimate of $1.21 billion.

GUIDANCE:

HanesBrands sees GAAP FY2016 EPS of $1.63-$1.73, which may not compare to the consensus of $1.88.

“We are off to a very good start and tracking to our plan to deliver another year of double-digit EPS growth,” Hanes Chairman and Chief Executive Officer Richard A. Noll said. “We remain focused on our previously announced sales initiatives, reaping acquisition synergies, expanding margins, and developing growth plans for our pending acquisition of Champion Europe.”

For earnings history and earnings-related data on HanesBrands (HBI) click here.

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