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Jan 02, 2021
Hanesbrands Q4 2020 Earnings Report
Reported solid fourth-quarter results and launched the “Full Potential” plan.
Key Takeaways
HanesBrands reported solid fourth-quarter results, driven by strong performance across its biggest business segments. Net sales were $1.8 billion, and adjusted EPS was $0.38 per share. The company also launched its “Full Potential” plan to drive long-term growth and higher profitability.
Net sales of $1.8 billion, driven by strong performance across biggest business segments
Continued momentum in global Champion and U.S. Innerwear
Full Potential plan to drive long-term growth and higher profitability
Company exploring strategic alternatives for European Innerwear business
Hanesbrands
Hanesbrands
Forward Guidance
The company expects first-quarter 2021 net sales to total approximately $1.485 billion to $1.515 billion and GAAP and adjusted earnings per share are expected to range from $0.24 to $0.27.
Positive Outlook
- Higher sales
- Positive manufacturing variances
- Anniversary of last year’s COVID-driven volume de-leverage.
Challenges Ahead
- Continued uncertainty related to the COVID-19 pandemic
- Impact on the global consumer environment.