Net sales $ 1,508,029 $ 1,203,070 25.3 % Cost of sales 905,348 784,902 Gross profit 602,681 418,168 44.1 % HANESBRANDS INC. Condensed Consolidated Statements of Income and Supplemental Financial Information (in thousands, except per-share amounts) (Unaudited) Quarters Ended Nine Months Ended September 26, 2020 September 28, 2019 % Change September 26, 2020 September 28, 2019 % Change. Year over year constant currency sales growth in the company’s Americas and Champion Europe businesses was more than offset by declines in the company’s European innerwear, Asia and Australia businesses, where COVID-related challenges continued to slow the retail recovery. Amounts may not be additive due to rounding. Results for the quarters and nine months ended September 26, 2020 and September 28, 2019 reflect adjustments for restructuring and other action-related charges. Further, the non-GAAP measures presented may be different from non-GAAP measures with similar or identical names presented by other companies. Supply chain re-startup charges primarily relate to incremental costs incurred (freight, sourcing premiums, etc.) Results for the quarter and nine months ended September 28, 2019 also reflect adjustments for the exited C9 Champion mass program and DKNY intimate apparel license. Hanes believes constant-currency information is useful to management and investors to facilitate comparison of operating results and better identify trends in the company’s businesses. Hanesbrands has been recognized for work that it has done for the environment, including "green" buildings. Hanesbrands cost of goods sold for the twelve months ending December 31, 2020 was $4.816B, a 13.38% increase year-over-year. Staff continues to work both at our City Hall office and remotely during the State of Emergency. View the latest HBI financial statements, income statements and financial ratios. Hanesbrands revenue for the quarter ending March 31, 2021 was, Hanesbrands revenue for the twelve months ending March 31, 2021 was. The year-ago quarter included net sales of $119 million from the now exited C9 Champion mass program and the DKNY intimate apparel license. Activewear Segment. The company designs, manufactures, sources and sells T-shirts, bras, panties, men's underwear, children's underwear, socks, hosiery, casual wear and active wear. Net sales $ 1,508,029 $ 1,203,070 25.3 % Cost of sales 905,348 784,902 Gross profit 602,681 418,168 44.1 % See “Reconciliation of Select GAAP Measures to Non-GAAP Measures” in Table 5. Adjusted net income is defined as net income excluding actions and the tax effect on actions. Hanesbrands believes there is a $1 billion revenue opportunity to capture in the under-39 generations. Hanesbrands revenue for the twelve months ending March 31, 2021 was $6.969B, a 5.88% increase year-over-year. Net sales from continuing operations for the first quarter ended April 3, 2021, totaled $1.51 billion, an increase of 25 percent compared with $1.20 billion for the period ended March 28, 2020. Including the favorable foreign currency impact of $8 million, global Champion sales outside the mass channel decreased approximately 9% in the third quarter of 2020 compared to the third quarter of 2019. Charges for actions taken in 2019 primarily represented supply chain network changes, program exit costs, and overhead reduction as well as completion of outstanding acquisition integration. HanesBrands, which belongs to the Zacks Textile - Apparel industry, posted revenues of $1.81 billion for the quarter ended September 2020, surpassing the Zacks Consensus Estimate by 12.70%. HanesBrands Inc. posted $1.51 billion in net sales from continuing operations for the first quarter concluding April 3, 2021, marking a … Data Provided by Refinitiv. The global apparel-maker is behind brands like Hanes, Champion, Playtex, and Wonderbra. The personal In particular, among others, statements regarding the potential impact of the COVID-19 outbreak on our business and financial performance; guidance and predictions regarding expected operating results, including related to our new business line for cotton face masks and other personal protection garments; our belief that we have sufficient liquidity to fund our ongoing business operations; and statements made in the Fourth-Quarter 2020 Financial Guidance section of this news release, are forward-looking statements. INCOME TAX UPDATE: The new deadline for all income taxpayers to file and pay the City of Lansing 2020 income tax is June 1, 2021. For more information, visit the company’s corporate website at www.Hanes.com/corporate and newsroom at https://newsroom.hanesbrands.com/. It forecasts that Champion will be a $3 billion global brand by 2024, expanding at a low double-digit percentage. The global apparel-maker is behind brands like Hanes, Champion, Playtex, and Wonderbra. International Segment. The analysts had already figured in a major decline from the $0.27 EPS Hanesbrands reported for Q1 2019. Hanes will host an internet webcast of its third-quarter investor conference call at 8:30 a.m. EST today, November 5, 2020. By navigating this site, you are consenting to the use of these cookies. Hanesbrands Beats but Guides Lower Hanesbrands (HBI) reported 1st Quarter March 2021 earnings of $0.39 per share on revenue of $1.5 billion. It forecasts that Champion will be a $3 billion global brand by 2024, expanding at a low double-digit percentage. Adjusted net sales are defined as net sales excluding actions. Do the numbers hold clues to what lies ahead for the stock? Hanesbrands believes there is a $1 billion revenue opportunity to capture in the under-39 generations. Adjusted EPS is defined as diluted EPS excluding actions and the tax effect on actions. The call is expected to conclude by 9:30 a.m. An archived replay of the conference call webcast will be available in the investors section of the Hanes corporate website. Request a hard copy of financial statements. Note on Adjusted Measures, Rebased Measures and Reconciliation to GAAP Measures. We have provided a few examples below that you can copy and paste to your site: Your data export is now complete. The company has provided rebased 2019 quarterly income statements in Supplemental Table B dated February 7, 2020, which is available online at www.hanes.com/investors. charges, Less: Overall, U.S. Innerwear sales increased 37% over prior year driven by sales of protective garments, continued positive point-of-sale trends and inventory restocking. Hanesbrands Inc. is laying out its three-year growth plan during Tuesday’s virtual investor day event, including a goal to grow the Champion athletic brand’s revenue by … The analysts had already figured in a major decline from the $0.27 EPS Hanesbrands reported for Q1 2019. Hanes believes this information is useful to management and investors to facilitate a more meaningful comparison of the results of the company’s ongoing business between 2019 and 2020. Reconciliation of GAAP Outlook to Adjusted Outlook, Operating profit outlook, as calculated under GAAP, Diluted earnings per share, as calculated under GAAP1. 2018 Annual Report 2.3 MB. Hanesbrands Inc. (NYSE: HBI), a leading global marketer of branded everyday basic apparel, today announced third-quarter results, delivering strong sales, operating profit and cash flow on improving business trends, despite continued market disruption from the COVID-19 pandemic. Hanesbrands Inc. (NYSE:HBI) Q4 2020 Earnings Conference Call February 9, 2021 8:30 a.m. We saw particularly strong performance in our U.S. Innerwear and global Champion businesses, and I’m encouraged by our momentum even as we continue to operate in a challenging environment. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Third-Quarter 2020 Business Segment Summaries. Based on year-to-date cash flow, this implies fourth quarter net cash from operations of approximately $70 million to $170 million. Sales revenue for 2010 was $4.33 billion and gross profit was $1.41 billion. Restructuring and other action-related charges by category: Total restructuring and other action-related charges. Condensed Consolidated Statements of Income and Supplemental Financial Information, Selling, general and administrative expenses. Hanes’ revenue has certainly dropped during the pandemic, with our forecast calling for a 20% drop in sales in 2020, with most of the damage in the June-ending quarter (down 33%). For the fourth-quarter 2020, net sales are expected to be approximately $1.60 billion to $1.66 billion. Box 40752, Lansing, MI 48901 We accept paper and electronically filed returns. Hanesbrands annual/quarterly revenue history and growth rate from 2006 to 2021. ET Revenue is the top line item on an income statement from which all costs and expenses are subtracted to arrive at net income. Box 40752, Lansing, MI 48901 We accept paper and electronically filed returns. The following table presents a reconciliation of reported net sales adjusted for personal protective equipment (“PPE”) sales for the quarter and nine months ended September 26, 2020 and a comparison to prior year. Minimum 15 minutes delayed. Hanesbrands is a global company that reports financial information in U.S. dollars in accordance with GAAP. Since it is not possible to predict or identify all of the risks, uncertainties and other factors that may affect future results, the above list should not be considered a complete list. Hanesbrands net income for the twelve months ending September 30, 2020 was $0.442B, a 21.7% decline year-over-year. This comes on top of 2% growth in 2020, which you recall included approximately $820 million of … Hanesbrands has companies in various parts of Europe and Eastern Europe, including the United Kingdom, Italy, Germany, France and Spain. 2019 Annual Report 3.4 MB. U.S. Activewear sales declined 41%, a significant improvement from the second quarter. The vast majority of these declines occurred in the segment’s sports apparel business, which was significantly impacted by COVID-related issues, such as cancelled sporting events and the closure of college bookstores. Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there and Wonderbra. NOTICE: The City of Lansing’s Treasury and Income Tax Office is closed to the public in response to the Coronavirus (COVID-19) State of Emergency order. Net sales $ 1,738,779 $ 1,760,927 (1.3 )% $ 3,055,241 $ 3,348,951 Net Sales, operating profit, EPS and operating cash flow above expectations, U.S. Innerwear sales up 8.4% over last year, excluding protective garments; up 11.5% on rebased basis, Global Champion net sales more than doubled over previous quarter, 3Q net sales of $1.81 billion driven by improved sales trends across apparel businesses, 3Q net cash from operations of $249 million, Launches in-depth business review as it prepares long-term growth strategy. HANESBRANDS INC. Condensed Consolidated Statements of Income and Supplemental Financial Information (in thousands, except per share data) (Unaudited) Quarters Ended April 3, 2021 March 28, 2020 % Change. At the midpoint of our 2021 revenue guidance implies 2% revenue growth. View the latest HBI financial statements, income statements and financial ratios. WINSTON-SALEM, N.C.--(BUSINESS WIRE)--Nov. 5, 2020-- ... Fortune 500 - 2020 This year's Fortune 500 marks the 66th running of ... READ MORE view in list. Hanesbrands Inc (HBI) Q4 2020 Earnings Call Transcript Why Hanesbrands Stock Is Soaring 22% Today Hanesbrands to Focus on Champion, Young Consumers, and E-commerce If you use our chart images on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Under its Activewear segment, revenue dropped from $281.32 million in 2019 to just $67.64 million in 2020. When the year-ago quarter is rebased to reflect the exit of the C9 Champion mass program and the DKNY intimate apparel license, sales increased 11.5%, excluding protective garments, and 41% overall. Cautionary Statement Concerning Forward-Looking Statements. Request a hard copy of financial statements. The company report on July 31, 2020 that HanesBrands Reports Inducement Equity Awards for New Chief Executive Officer Pursuant to NYSE Rule 303A.08.. HanesBrands (NYSE: HBI), a leading global marketer of branded everyday basic apparel, today announced the granting of equity … Net profit margin can be defined as net Income as a portion of total sales revenue. HANESBRANDS INC. Condensed Consolidated Statements of Income and Supplemental Financial Information (in thousands, except per-share amounts) (Unaudited) Quarters Ended March 28, 2020 March 30, 2019 % Change. Hanesbrands Sees Big Opportunity Emerging in Medical Garments The company expects to make $300 million off sales of face masks this year, but the long-term opportunity could be significantly bigger. Calculated by applying prior period exchange rates to the current year financial results. Current and historical gross margin, operating margin and net profit margin for Hanesbrands (HBI) over the last 10 years. HanesBrands (HBI) delivered earnings and revenue surprises of 16.67% and 12.70%, respectively, for the quarter ended September 2020. Sales revenue for 2010 was $4.33 billion and gross profit was $1.41 billion. Revenue can be defined as the amount of money a company receives from its customers in exchange for the sales of goods or services. Hanesbrands annual revenue for 2020 was $6.664B, a 4.34% decline from 2019. When comparing the midpoint of fourth-quarter 2020 guidance to 2019 results rebased to account for the exits of the C9 Champion and DKNY programs, net sales are expected to decline approximately 2%, GAAP operating profit and adjusted operating profits are expected to decline approximately 33% and 30%, respectively, and GAAP and adjusted EPS are expected to decline approximately 47% and 39% respectively. Hanesbrands has been recognized for work that it has done for the environment, including "green" buildings. On a constant currency basis, global Champion sales decreased approximately 10%. Hanesbrands Inc. (NYSE:HBI) has been on a tear since its 2020 Annual Report, gaining as much as 48% since Feb 9, 2021. The company expects its fourth-quarter tax rate to be approximately 17.5%. and other Restructuring The replay will be available by calling toll-free (855) 859-2056 or by toll call at (404) 537-3406. Moreover, we believe the company has recently revamped its Champion brand successfully. The consensus earnings estimate was $0.26 per share on revenue of $1.5 billion. Hanesbrands revenue for the quarter ending March 31, 2021 was $1.508B, a 25.35% increase year-over-year. Negative manufacturing variances and higher SG&A expense are expected to pressure both gross and operating margins in the fourth quarter. Total constant currency first-quarter net sales increased 22 percent. Restructuring Total operating profit before restructuring and other action-related charges, Restructuring and other action-related charges. (See the Note on Reconciliation of Select GAAP Measures to Non-GAAP Measures later in this news release for additional discussion and details of actions, which include pandemic-related charges.). Total constant currency first-quarter net sales increased 22 percent. The company expects approximately 352 million diluted weighted average shares outstanding for the quarter ended January 2, 2021. Please check your download folder. Sustainability goals: In the quarter, Hanesbrands announced 2030 global sustainability goals, including addressing the use of plastics and sustainable raw materials in products and packaging and improving the lives of 10 million people through initiatives that focus on health, education and wellness. Hanesbrands annual revenue for 2020 was $6.664B, a 4.34% decline from 2019. Net sales $ 1,316,462 $ 1,588,024 (17.1 )% Cost of sales 842,730 967,993 Gross profit 473,732 Third-quarter GAAP operating profit decreased 35% to $175 million, and the quarter’s adjusted operating profit excluding actions decreased 9% to $227 million. Hanesbrands Inc. Triad Business Journal honoring Evans for outstanding contributions to his company and the Piedmont Triad region of North Carolina HanesBrands, a leading global basic apparel marketer under leading consumer brands, today announced its Chief Executive Officer Gerald W. Evans Jr. has been recognized as a most-admired CEO in the Piedmont Triad, North Carolina, region with a 2020 … The following tables present a reconciliation of reported results on a constant currency basis for the quarter and nine months ended September 26, 2020 and a comparison to prior year: Effect of the change in foreign currency exchange rates year-over-year. Annual stock financials by MarketWatch. Revenue increased 7% on a rebased basis, driven by growth in the online, wholesale and distributor channels. Hanesbrands revenue for the quarter ending March 31, 2021 was $1.508B, a 25.35% increase year-over-year. As reported last quarter, the company continues to face second-half 2020 profitability headwinds. 2017 Annual Report 3 MB. This comes on top of 2% growth in 2020, which you recall included approximately $820 million of … Hanesbrands Inc. Current and historical net profit margin for Hanesbrands (HBI) from 2006 to 2020. For the fourth-quarter 2020, the midpoint of guidance represents a net sales decline of 7% compared with 2019. EBITDA and adjusted EBITDA should not, however, be considered as measures of discretionary cash available to invest in the growth of the business. The company expects to end the year with higher-than-anticipated inventory of personal protective garments, but continues to expect to generate positive operating cash flow in the second half and for the full year. View HBI financial statements in full. Under its Activewear segment, revenue dropped from $281.32 million in 2019 to just $67.64 million in 2020. ... Fortune 500 - 2020 This year's Fortune 500 marks the 66th running of ... READ MORE view in list. If you use our datasets on your site or blog, we ask that you provide attribution via a "dofollow" link back to this page. Data Provided by Refinitiv. Profit margin can be defined as the percentage of revenue that a company retains as income after the deduction of expenses. Export Data Save Image Print Image For advanced charting, view our ... Hanesbrands Inc (HBI) Q4 2020 Earnings Call Transcript Yahoo 02/09 16:00 ET. Innerwear Segment. HANESBRANDS INC. Condensed Consolidated Statements of Income and Supplemental Financial Information (in thousands, except per-share amounts) (Unaudited) Quarters Ended March 28, 2020 March 30, 2019 % Change. Hanesbrands annual cost of goods sold for 2019 was $4.248B, a 2.33% increase from 2018. Hanesbrands annual net income for 2019 was $0.601B, a 11.31% increase from 2018. Data Provided by Refinitiv. Hanesbrands believes these non-GAAP measures provide management and investors with valuable supplemental information for analyzing the operating performance of the company’s ongoing business during each period presented without giving effect to costs associated with the execution and integration of any of the aforementioned actions taken. The company’s outlook for the fourth quarter reflects continued uncertainty due to the COVID-19 pandemic and is based on the current business environment, including the recently implemented COVID-related restrictions in Europe, but does not reflect any potential impact to the consumer or operating environments should governments or businesses institute additional lockdowns and store closings. Hanesbrands revenue for the twelve months ending March 31, 2021 was $6.969B, a 5.88% increase year-over-year. Improved liquidity: The company ended the third quarter with $2 billion of liquidity, up from $1.8 billion last quarter, while paying its regular dividend and reducing debt by approximately $130 million. View source version on businesswire.com: https://www.businesswire.com/news/home/20201105005149/en/, News Media contact: Strong cash flow: The company delivered another strong cash flow quarter, generating $249 million of operating cash flow. Browse... View Full Chart Revenue (TTM) Chart . Full-year 2020 net cash from operations is expected to be $300 million to $400 million, which includes the impact from the higher-than-anticipated protective garment inventory. The webcast of the call, which will consist of prepared remarks followed by a question-and-answer session, may be accessed at www.Hanes.com/investors. ET First Published: May 11, 2021 at 6:00 a.m. The company has guided for a modest $150 million in additional revenue from PPE sales for the entire second half of the fiscal year 2020 but the actual figure could be significantly higher. See page 2 of instructions. HANESBRANDS INC. Condensed Consolidated Statements of Income and Supplemental Financial Information (in thousands, except per share data) (Unaudited) Quarters Ended. View HBI financial statements in full. Robillard (336) 519-2115, HanesBrands Reports Third-Quarter 2020 Financial Results, We use cookies on this site to enhance your user experience. T.C. Hanesbrands has updated its quarterly frequently-asked-questions document, which is available at www.Hanes.com/faq. Staff continues to work both at our City Hall office and remotely during the State of Emergency. action-related Net sales for the third quarter ended September 26, 2020, were $1.81 billion compared with $1.87 billion a year ago. 2020 Annual Report 2.4 MB. to expedite product to meet customer demand following the extended shut-down of parts of our manufacturing network. Backlinks from other websites are the lifeblood of our site and a primary source of new traffic. Adjusted EBITDA is defined as EBITDA excluding actions and stock compensation expense. Make check or money order payable to: CITY OF LANSING or Pay online at: WWW.LANSINGMI.GOV Mail tax due return and payment to: Income Tax Department, P.O. Hanesbrands annual net income for 2019 was $0.601B, a 11.31% increase from 2018. NOTICE: The City of Lansing’s Treasury and Income Tax Office is closed to the public in response to the Coronavirus (COVID-19) State of Emergency order. While these costs are not operational in nature and are not expected to continue for any singular transaction on an ongoing basis, similar types of costs, expenses and charges have occurred in prior periods and may recur in future periods depending upon acquisition activity. Digital progress: For the third quarter, online sales increased nearly 70% on a rebased basis through company e-commerce websites, retailer websites, large internet pure-plays, and business-to-business customers. Results for the quarter and nine months ended September 28, 2019 reflect adjustments for the exited C9 Champion mass program and DKNY intimate apparel license. Hanesbrands annual cost of goods sold for 2020 was $4.816B, a 13.38% increase from 2019. HANESBRANDS INC. Condensed Consolidated Statements of Income and Supplemental Financial Information (in thousands, except per-share amounts) (Unaudited) Quarters Ended March 28, 2020 March 30, 2019 % Change. As a supplement to the company’s reported operating results, Hanes also presents constant-currency financial information, which is a non-GAAP financial measure that excludes the impact of translating foreign currencies into U.S. dollars. 2016 Annual Report 2 MB. See “Reconciliation of Select GAAP Measures to Non-GAAP Measures” in Table 5. information about how HanesBrands uses and discloses your personal information, please read our Privacy Policy, HanesBrands is an Energy Star partner and the only apparel, Champion® Athleticwear Unveils New Artist Series Supporting Talent Across The Country, https://www.businesswire.com/news/home/20201105005149/en/. HANESBRANDS INC. Condensed Consolidated Balance Sheets (in thousands) (Unaudited) March 28, 2020 December 28, 2019 Assets Cash and cash equivalents Non-GAAP financial measures have limitations as analytical tools and should not be considered in isolation or as an alternative to, or substitute for, financial results prepared in accordance with GAAP. Hanesbrands net income for the quarter ending September 30, 2020 was $0.103B, a 44.2% decline year-over-year. Momentum across the business: Apparel revenue trends improved sequentially in each business segment. Excluding sales of protective garments, core International sales declined 7% as compared to prior year, marking a significant improvement from the 44% decline in the second quarter. Any forward-looking statement speaks only as of the date on which such statement is made, and Hanesbrands undertakes no obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise, other than as required by law. information collected from you herein will be used for purposes of processing any transactions and certain internal administrative functions of HanesBrands. Make check or money order payable to: CITY OF LANSING or Pay online at: WWW.LANSINGMI.GOV Mail tax due return and payment to: Income Tax Department, P.O. Excluding the exited programs and the effect of changes in foreign exchange rates, total constant-currency net sales for third-quarter 2020 increased 2.6%. Hanesbrands Revenue (TTM): 6.664B for Dec. 31, 2020.
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