HanesBrands (HBI) Tops Q1 EPS by 2c

HanesBrands (NYSE: HBI) reported Q1 EPS of $0.26, $0.02 better than the analyst estimate of $0.24. Revenue for the quarter came in at $1.47 billion versus the consensus estimate of $1.43 billion.

Hanes has reiterated its full-year guidance and issued net sales and EPS guidance for the second-quarter 2018.

The company continues to expect full-year 2018 net sales of $6.72 billion to $6.82 billion, GAAP operating profit of $870 million to $905 million, adjusted operating profit excluding actions of $950 million to $985 million, GAAP EPS of $1.54 to $1.62, adjusted EPS excluding actions of $1.72 to $1.80, and net cash from operations of $675 million to $750 million.

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

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