Loading...
•
Apr 03, 2021
Hanesbrands Q1 2021 Earnings Report
Hanesbrands' first quarter results for 2021 demonstrated growth across all segments due to strong brand performance and market share gains.
Key Takeaways
HanesBrands reported strong first-quarter 2021 results, with net sales from continuing operations increasing by 25% to $1.51 billion. Growth was driven by the global Champion brand and the U.S. Innerwear business. The company reported EPS from continuing operations of $0.37 and provided second-quarter and full-year guidance.
Net sales from continuing operations increased 25% year-over-year to $1.51 billion.
Growth was driven by the global Champion brand and U.S. Innerwear business.
EPS from continuing operations was reported at $0.37.
Global online sales grew more than 80%.
Revenue by Geographic Location
Forward Guidance
The company provided financial outlook for the second quarter and full year 2021.
Positive Outlook
- Net sales from continuing operations for Q2 are expected to be approximately $1.56 billion to $1.59 billion.
- Q2 net sales, excluding PPE, are expected to increase 69% over prior year period.
- GAAP operating profit from continuing operations for Q2 is expected to range from approximately $179 million to $189 million.
- Adjusted operating profit from continuing operations for Q2 is expected to range from approximately $200 million to $210 million.
- Adjusted earnings per share from continuing operations for Q2 is expected to range from $0.37 to $0.40.
Challenges Ahead
- The company expects a modest amount of sales from one-time benefits, including retailer restocking and stimulus-related spending, to continue into the second quarter, but the benefit is expected to be significantly lower than first-quarter levels.
- The company's guidance for the second half of 2021 does not assume any additional stimulus or inventory restocking benefits.
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
Loading earnings performance data...
Loading earnings reaction data...