=Hanesbrands (HBI) reported earnings on Thur 2 Feb 2017 (a/h)

Hanesbrands misses by $0.05, misses on revs; guides Q1 EPS below consensus; guides FY17 EPS below consensus, revs below consensus:

• Reports Q4 (Dec) earnings of $0.53 per share, excluding non-recurring items, $0.05 worse than the Capital IQ Consensus of $0.58; revenues rose 11.8% year/year to $1.58 bln vs the $1.7 bln Capital IQ Consensus.
• Co issues downside guidance for Q1, sees EPS of $0.27-0.29, excluding non-recurring items, vs. $0.32 Capital IQ Consensus Estimate.
• Co issues downside guidance for FY17, sees EPS of $1.93-2.03, excluding non-recurring items, vs. $2.15 Capital IQ Consensus Estimate; sees FY17 revs of $6.45-6.55 bln vs. $6.68 bln Capital IQ Consensus Estimate.
• Q1 Guidance Details: The company expects total net sales growth in the first quarter as a result of acquisition-driven International gains as well as Activewear growth. Organic sales are expected to decline in the quarter as a result of lower Innerwear sales affected by the retail climate of store closings and tight inventory as well as the exits from the company's domestic catalog business and noncore offerings. Innerwear sales trends are expected to normalize starting in the second quarter, with expected full-year net sales comparable to 2016.