HanesBrands Announces Strong First-Quarter 2021 Results
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HanesBrands (HBI) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q & FY21 EPS/Revenues Guidance Below Consensus
May 11, 2021 6:03 AM EDTHanesBrands (NYSE: HBI) reported Q1 EPS of $0.37, $0.11 better than the analyst estimate of $0.26. Revenue for the quarter came in at $1.51 billion versus the consensus estimate of $1.5 billion.
Net sales from continuing operations of $1.51 billion, up 25% over prior yearGrowth driven by global Champion brand and U.S. Innerwear businessEPS from continuing operations of $0.37Reports non-cash charge related to reclassifying European Innerwear business as discontinued operationsProvides second-quarter and full-year guidanceDeclares 33rd consecutive regular quarterly dividendCompany to host virtual investor day today to unveil Full Potential strategic growth... More