HanesBrands (HBI) Tops Q4 EPS by 1c; Offers 2022 Guidance
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HanesBrands Announces Strong Fourth-Quarter and Full-Year 2021 Results Driven by Full Potential Growth Plan; Raises 2024 Full Potential Financial Targets; Announces $600 Million Share Repurchase Autho
February 3, 2022 7:00 AM ESTNet sales from continuing operations of $1.75 billion, up 4% over fourth-quarter 2020; up 9% on a constant currency basis excluding PPE and 53rd week sales in 2020 Net sales from continuing operations up 15% over fourth-quarter 2019 GAAP EPS from continuing operations of $0.19; adjusted EPS from continuing operations of $0.44, inclusive of $0.02 per share impact from higher-than-expected tax rate Global Champion brand sales increase 10% over prior year and 25% over fourth- quarter 2019 U.S. Innerwear sales increase 3% over prior year, excluding PPE, and 19% over fourth-quarter 2019 Provides first-quarter and full-year 2022 guidance. Expects full-year sales from... More
