Hanesbrands

Q4 Results Q/Q Comparison:

  • Revenue increased 12% to $1.58B
  • GAAP diluted EPS increased 37% to $0.41
    • Adjusted EPS increased 20% to $0.53
  • GAAP net income increased 32% to $157M
    • Adjusted net income increased 15% to $201M
  • Segment Revenue:
    • Innerwear decreased 8% to $611M
    • Activewear increased 3% to $383M
    • Direct to Consumer decreased 12% to $75M
    • International increased 78% to $505M
  • Segment operating profit:
    • Innerwear decreased 16% to $138M
    • Activewear increased 9% to $65M
    • Direct to Consumer (not meaningful)
    • International increased 140% to $71M

Full-Year 2016:

  • Revenue increased 5% to $6.03B
  • GAAP diluted EPS increased 32% to $1.40
    • Adjusted EPS increased 11% to $1.85
  • GAAP net income increased 21% to $539M
    • Adjusted net income increased 6% to $712M
  • Segment Revenue:
    • Innerwear decreased 3% to $2.61B
    • Activewear was flat at $1.57B
    • Direct to Consumer decreased 8% to $316M
    • International increased 35% to $1.53B
  • Segment operating profit:
    • Innerwear decreased 6% to $588M
    • Activewear decreased 8% to $228M
    • Direct to Consumer decreased 65% to $6M
    • International increased 71% to $180M
  • Announced an increase to the dividend of 36%
  • Repurchased $380M worth of stock (retired 5% of outstanding shares)

2017 guidance:

  • Sales of $6.45B to $6.55B (represents midpoint growth of 8%)
  • Adjusted operating profit of $935M to $975M (represents midpoint growth of 5%)
  • Adjusted EPS of $1.93 to $2.03 (represents midpoint growth of 7%)
  • Plans to repurchase ~$300M worth of stock in 2017

Stock Price: $22
Market Capitalization: $8.6 billion

February 2, 2017

 

 

 


 


 

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