HanesBrands (HBI) Tops Q3 EPS by 3c, Offers Q4 Guidance

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HanesBrands Reports Third-Quarter 2020 Financial Results

November 5, 2020 6:30 AM EST

Net Sales, operating profit, EPS and operating cash flow above expectations

U.S. Innerwear sales up 8.4% over last year, excluding protective garments; up 11.5% on rebased basis

Global Champion net sales more than doubled over previous quarter

3Q net sales of $1.81 billion driven by improved sales trends across apparel businesses

3Q GAAP EPS $0.29; Adjusted EPS $0.42

3Q net cash from operations of $249 million

Launches in-depth business review as it prepares long-term growth strategy

WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- Hanesbrands Inc. (NYSE: HBI), a... More