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Last $30.26 USD
Change Today +0.25 / 0.83%
Volume 2.6M
HBI On Other Exchanges
Symbol
Exchange
Berlin
As of 8:04 PM 08/28/15 All times are local (Market data is delayed by at least 15 minutes).

hanesbrands inc (HBI) Key Developments

Hanesbrands Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended July 4, 2015; Provides Earnings Guidance for the Third Quarter, Fourth Quarter, Second Half and Full Year 2015

Hanesbrands Inc. announced unaudited consolidated earnings results for the second quarter and six months ended July 4, 2015. For the quarter, the company reported net sales of $1,522,033,000 against $1,342,052,000 a year ago. Operating profit was $138,933,000 against $207,124,000 a year ago. Income before income tax expense was $109,083,000 compared to $185,345,000 a year ago. Net income was $94,902,000 or $0.23 per diluted share against $154,578,000 or $0.38 per diluted share a year ago. Total EBITDA was $164,337,000 against $229,445,000 a year ago. For the six months ended, the company reported net sales of $2,730,954,000 against $2,401,422,000 a year ago. Operating profit was $228,864,000 against $278,912,000 a year ago. Income before income tax expense was $171,745,000 against $234,880,000 a year ago. Net income was $147,538,000 or $0.36 per diluted share against $196,138,000 or $0.48 per diluted share a year ago. Total EBITDA was $278,459,000 against $323,857,000 a year ago. Net cash used in operating activities was $233,068,000 against net cash provided by operating activities of $4,938,000 a year ago. Purchases/sales of property and equipment, net, and other were $51,093,000 against $19,667,000 a year ago. For 2015, the company has updated its full-year guidance for net sales. The company expects full-year net sales of slightly less than $5.9 billion, expects adjusted operating profit of $855 million to $875 million, and continues to expect adjusted EPS of $1.61 to $1.66. The company’s 2015 guidance represents growth over 2014 results of nearly 11% for net sales, 12% to 15% for adjusted operating profit, and 13% to 17% for adjusted EPS. The company expects net cash from operating activities to total approximately $550 million. Interest expense and other expense are expected to be approximately $100 million combined. The 2015 full-year tax rate is expected to be approximately 13%, similar to 2014. The tax rate is expected to vary by quarter with the rate being higher in the first half of the year. Capital expenditures are expected to be approximately $95 million. On a GAAP basis, full-year 2015 diluted EPS will vary depending on actual performance, charges and tax rate. GAAP diluted EPS could be in the range of $1.10 to $1.14. GAAP operating profit for 2015 could be in the range of $615 million to $635 million. The company expects second half operating profit to increase 10% to 14% over last year, which implies second half operating margins could increase roughly 20 to 60 basis points. The company expects third quarter operating profit growth in the mid-single digits range, while The company expects fourth quarter growth to be in the high teens to low 20% range.

Hanesbrands Declares Regular Quarterly Cash Dividend, Payable on September 9, 2015

HanesBrands announced that its Board of Directors has declared a regular quarterly cash dividend of $0.10 per share to be paid September 9, 2015, for stockholders of record at the close of business August 18, 2015.

Hanesbrands Inc. to Report Q2, 2015 Results on Jul 30, 2015

Hanesbrands Inc. announced that they will report Q2, 2015 results at 4:30 PM, Eastern Daylight on Jul 30, 2015

Hanesbrands Inc., Q2 2015 Earnings Call, Jul 30, 2015

Hanesbrands Inc., Q2 2015 Earnings Call, Jul 30, 2015

Hanesbrands Inc. Presents at Citi First Annual "Slice of the U.S." Conference, Jun-04-2015

Hanesbrands Inc. Presents at Citi First Annual "Slice of the U.S." Conference, Jun-04-2015 . Venue: The Westbury, Bond Street, Mayfair, London W1S 2YF, United Kingdom. Speakers: Richard D. Moss, Chief Financial Officer, T C Robillard, IR.

 

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HBI

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Valuation HBI Industry Range
Price/Earnings 34.7x
Price/Sales 2.2x
Price/Book 8.4x
Price/Cash Flow 34.2x
TEV/Sales 1.6x
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