HanesBrands Reports Solid Fourth-Quarter Results
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HanesBrands (HBI) Tops Q4 EPS by 9c, Revenues Beat; Offers 1Q EPS/Revenue Guidance Above Consensus
February 9, 2021 6:34 AM ESTHanesBrands (NYSE: HBI) reported Q4 EPS of $0.38, $0.09 better than the analyst estimate of $0.29. Revenue for the quarter came in at $1.8 billion versus the consensus estimate of $1.64 billion.
Launches Full Potential Plan
Net sales of $1.8 billion, driven by strong performance across biggest business segmentsContinued momentum in global Champion and U.S. InnerwearFull Potential plan to drive long-term growth and higher profitabilityCompany exploring strategic alternatives for European Innerwear businessGAAP loss per share of $0.95, includes $1.33 of charges primarily related to personal protective garment business and 20% SKU reduction effort across companyAdjusted EPS... More