HanesBrands (HBI) Tops Q1 EPS by 11c, Revenues Beat; Offers 2Q & FY21 EPS/Revenues Guidance Below Consensus
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HanesBrands Announces Strong First-Quarter 2021 Results
May 11, 2021 6:00 AM EDTGrowth across all segments on strong brand performance and share gains
Net sales from continuing operations of $1.51 billion, up 25% over prior year Growth driven by global Champion brand and U.S. Innerwear business EPS from continuing operations of $0.37 Reports non-cash charge related to reclassifying European Innerwear business as discontinued operations Provides second-quarter and full-year guidance Declares 33rd consecutive regular quarterly dividend Company to host virtual investor day today to unveil Full Potential strategic growth... More