HanesBrands (HBI) Tops Q1 EPS by 4c

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Go back to HanesBrands (HBI) Tops Q1 EPS by 4c

HanesBrands Reports First-Quarter Financial Results

April 21, 2016 4:05 PM EDT

Net Sales of $1.22 Billion Increased 1%, Adjusted Operating Profit of $147 Million
Increased 10% and Adjusted EPS $0.26 Increased 18% Company Reaffirms 2016 Full-Year Financial Guidance

WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- HanesBrands (NYSE: HBI), a leading global marketer of everyday basic apparel under world-class brands, announced today record first-quarter financial results for the third consecutive year.

Net sales increased 1 percent to $1.22 billion for the quarter ended April 2, 2016. Adjusted operating profit excluding actions increased 10 percent to $147 million, and adjusted EPS excluding actions increased 18 percent to $0.26. The record results reflect... More