HanesBrands (HBI) Tops Q2 EPS by 67c, Revenues Beat
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HanesBrands Reports Second-Quarter 2020 Financial Results
July 30, 2020 6:45 AM EDTEmployees rise to meet pandemic challenges globally with safety-first manufacturing, distribution and selling to mitigate COVID-19 market disruptions
2Q GAAP EPS increases 12% to $0.46; Adjusted EPS increases 58% to $0.60
2Q net sales of $1.74 billion driven by better-than-base-case-scenario apparel sales, including increasing point-of-sale trends and market-share gains, and better-than-expected new personal protective garments business
2Q net cash from operations of $65 million; year-to-date operating cash flow $40 million better than a year ago
Quarter-end liquidity of approximately $1.8 billion provides continued balance sheet strength and operational flexibility
WINSTON-SALEM, N.C.--(BUSINESS WIRE)-- HanesBrands (NYSE:... More
