HanesBrands Reports Full-Year and Fourth-Quarter 2019 Financial Results
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HanesBrands (HBI) Reports In-Line Q4 EPS; Offers Q1 EPS/Revenue Guidance Below Consenus, FY20 EPS Mid-Point View Below Consensus, FY20 Revenue Outlook Below Consensus
February 7, 2020 6:07 AM ESTHanesBrands (NYSE: HBI) reported Q4 EPS of $0.51, in-line with the analyst estimate of $0.51. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.75 billion.
Solid 4Q results include inline net sales of $1.75 billion, as well as GAAP operating profit of $243 million and adjusted operating profit of $263 million4Q GAAP EPS and adjusted EPS, both $0.51, increased 24% and 13%, respectivelyRecord net cash from operations of $803 million for full year and $559 million in 4QNet debt reduced to 2.9 times adjusted EBITDA with debt reduction of $460 million in 4QRegular quarterly cash dividend declared, new... More