HanesBrands (HBI) Misses Q3 EPS by 1c, Guidance Misses Consensus

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Go back to HanesBrands (HBI) Misses Q3 EPS by 1c, Guidance Misses Consensus

HanesBrands Announces Third-Quarter 2022 Results

November 9, 2022 7:15 AM EST

Net sales decrease 7% on a reported basis to $1.67 billion; net sales decrease 3% versus prior year in constant currency GAAP EPS from continuing operations of $0.23; adjusted EPS from continuing operations of $0.29 Operating profit and EPS from continuing operations in-line with guidance Continues progress on Full Potential growth strategy, including launch of new innerwear products aimed at younger consumers and actions to improve flexibility and lower cost within its global supply chain network Board declares regular cash dividend of $0.15 per share Updates full-year 2022 guidance; provides fourth-quarter 2022 guidance reflecting... More