HanesBrands (HBI) Tops Q1 EPS by 6c, Offers Guidance
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HanesBrands Announces First-Quarter 2022 Results, Exceeding Expectations for Sales and EPS as Company Continues to Execute Full Potential Plan
May 5, 2022 7:00 AM EDTNet sales from continuing operations of $1.58 billion increase 5% over prior year; increase 7% on a constant currency basis GAAP EPS from continuing operations of $0.32; Adjusted EPS from continuing operations of $0.34 Global Champion brand sales increase 6% over prior year in constant currency; growth on a two-year stack basis accelerates for second consecutive quarter to 28% U.S. Innerwear sales increase 1.5% over prior year and 37% on a two-year stack basis, driven by retail space gains, price increases and product mix Repurchased $25 million, or approximately 1.6 million shares, of stock in the... More
