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

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HanesBrands Reports Full-Year and Fourth-Quarter 2019 Financial Results

February 7, 2020 6:02 AM EST

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 million

4Q GAAP EPS and adjusted EPS, both $0.51, increased 24% and 13%, respectively

Record net cash from operations of $803 million for full year and $559 million in 4Q

Net debt reduced to 2.9 times adjusted EBITDA with debt reduction of $460 million in 4Q

Regular quarterly cash dividend declared, new share-repurchase program authorized, and 2020 guidance issued, including expectations of $200 million in share repurchases

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