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Consumer Goods | Textile - Apparel Clothing | USA
Hanesbrands Rises on Strong Quarterly Earnings as Sales Jump 7%
Demand for sportswear and underwear drives sales in the U.S. and globally at Hanesbrands.
Hanesbrands Inc. (HBI - Get Report) rose around 17% on Thursday as its 2018 earnings proved a good fit for investors.
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The underwear and clothing maker reported adjusted fourth-quarter earnings of 48 cents per share, beating Zacks Consensus Estimate by 1 cent.
The earnings were 4 cents down from the same time a year ago, but the company said this was due mainly to higher taxes resulting from recent tax reform.
Otherwise strong numbers came through in the quarter: Adjusted operating profit increased 10% to $260 million and net sales increased 7% to $1.77 billion. Sales in underwear and sportswear, as well as international demand, helped push up business, said the company. Hanesbrands also was able to pay down much of its debt at the end of the year, the company said, better positioning it for 2019.
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https://www.thestreet.com/markets/hanesb...yptr=yahoo
![[Bild: HBIc0wl1608.png]](https://finviz.com/publish/020719/HBIc0wl1608.png)
Hanesbrands Rises on Strong Quarterly Earnings as Sales Jump 7%
Demand for sportswear and underwear drives sales in the U.S. and globally at Hanesbrands.
Hanesbrands Inc. (HBI - Get Report) rose around 17% on Thursday as its 2018 earnings proved a good fit for investors.
...
The underwear and clothing maker reported adjusted fourth-quarter earnings of 48 cents per share, beating Zacks Consensus Estimate by 1 cent.
The earnings were 4 cents down from the same time a year ago, but the company said this was due mainly to higher taxes resulting from recent tax reform.
Otherwise strong numbers came through in the quarter: Adjusted operating profit increased 10% to $260 million and net sales increased 7% to $1.77 billion. Sales in underwear and sportswear, as well as international demand, helped push up business, said the company. Hanesbrands also was able to pay down much of its debt at the end of the year, the company said, better positioning it for 2019.
...
https://www.thestreet.com/markets/hanesb...yptr=yahoo
