=Hanesbrands (HBI) reported earnings on Tue 2 Aug 2016 (a/h)

Hanesbrands misses by $0.01, misses on revs; guides Q3 EPS in-line; guides Q4 (Dec) EPS in-line; reaffirms FY16 guidance :

• Reports Q2 (Jun) earnings of $0.51 per share, excluding non-recurring items, $0.01 worse than the Capital IQ Consensus of $0.52; revenues fell 3.4% year/year to $1.47 bln vs the $1.53 bln Capital IQ Consensus.
  • Co raised FY16 to include acquisitions on June 1
• Co issues in-line guidance for Q3, sees EPS of $0.55-0.57 vs. $0.61 Capital IQ Consensus Estimate.
• Co issues in-line guidance for Q4 (Dec), sees EPS of $0.57-0.61 vs. $0.54 Capital IQ Consensus Estimate.
• Co reaffirms guidance for FY16, sees EPS of $1.89-1.95, excludes debt refinancing and acquisition-related actions, vs. $1.93 Capital IQ Consensus Estimate; sees FY16 revs of $6.15-6.25 bln vs. $6.19 bln Capital IQ Consensus Estimate.
• Expects FY16 net cash from operations of $750 million to $850 million.
• The company expects capital expenditures of approximately $90 million, up $15 million from previous guidance due to the acquisitions of Champion Europe and Pacific Brands.