HanesBrands (HBI) Misses Q2 EPS by 4c

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Go back to HanesBrands (HBI) Misses Q2 EPS by 4c

HanesBrands Announces Second-Quarter 2022 Results

August 11, 2022 7:30 AM EDT

Net sales from continuing operations of $1.51 billion decrease 14% versus prior year (down 11% in constant currency); increase 75% on a two-year stack basis, excluding personal protective equipment (PPE) GAAP EPS from continuing operations of $0.26; adjusted EPS from continuing ops of $0.28 Previously announced cyber event is estimated to have had a negative impact on second-quarter net sales, adjusted operating profit and EPS of approximately $100 million, $35 million and $0.08, respectively Global Champion brand sales, in constant currency, decrease 20% over prior year; increase 96% on a two-year stack basis U.S. Innerwear sales decrease... More