HanesBrands (HBI) Tops Q1 EPS by 1c

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Go back to HanesBrands (HBI) Tops Q1 EPS by 1c

HanesBrands Reports First-Quarter 2019 Financial Results

May 2, 2019 7:15 AM EDT

Strong 1Q net sales, operating profit and EPS exceed company guidance Net sales increased 8% on strength of 10% constant-currency organic growth, including global Champion constant-currency sales growth of 75% Operating profit up low single digits; GAAP EPS flat at $0.22 and adjusted EPS of $0.27 increased 4% Cash generation on plan, and net debt reduced to 3.5 times adjusted EBITDA Full-year 2019 guidance reiterated and 2Q guidance issued

WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- HanesBrands (NYSE:... More