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Hanesbrands Q1 Adjusted Earnings Rise, Revenue Advances; Issues Outlook

05/11/2021 03:05

06:53 AM EDT, 05/11/2021 (MT Newswires) -- Hanesbrands (HBI) reported Q1 adjusted earnings Tuesday of $0.39 per diluted share, up from adjusted earnings of $0.07 per share a year ago.

The consensus estimate of analysts polled by Capital IQ was for adjusted earnings of $0.26 per share.

Net revenue for the quarter ended April 3 was $1.51 billion, up from $1.20 billion a year ago.

Analysts polled by Capital IQ expected revenue of $1.5 billion.

Looking ahead, the company expects fiscal Q2 2021 EPS to be between $0.32 and $0.35, adjusted EPS to be between $0.37 and $0.40 and revenue to be between $1.56 billion to $1.59 billion.

For the fiscal full-year, Hanesbrands expects EPS to be between $1.33 and $1.41, adjusted EPS to be between $1.51 and $1.59 and revenue to be between $6.2 billion and $6.3 billion.

The company also said its board declared a quarterly cash dividend of $0.15 per share, payable June 1 to shareholders of record at the close of business on May 21.

Price: 21.40, Change: -0.50, Percent Change: -2.28