-=Hanesbrands (HBI) reported earnings on Thur 5 May 22 (b/o)

 

Hanesbrands beats by $0.06, beats on revs; guides Q2 EPS below consensus; reaffirms FY22 EPS guidance, revs guidance

• Reports Q1 (Mar) earnings of $0.34 per share, $0.06 better than the S&P Capital IQ Consensus of $0.28; revenues rose 4.5% year/year to $1.58 bln vs the $1.54 bln S&P Capital IQ Consensus.
• Co issues downside guidance for Q2, sees EPS of $0.32-0.36 vs. $0.42 S&P Capital IQ Consensus.
  • Q1 Constant currency net sales consistent with prior year as underlying business fundamentals position Company to anniversary last year's substantial 88% growth, excluding PPE sales
• Co reaffirms guidance for FY22, sees EPS of $1.64-1.81 vs. $1.75 S&P Capital IQ Consensus; sees FY22 revs of $7.0-7.15 bln vs. $7.02 bln S&P Capital IQ Consensus.