Insight Report 3 minutes PremiumHanesBrands (HBI) 3Q18 Results – Strong Champion and International Sales Offset by Innerwear Weakness Coresight Research November 5, 2018 Executive Summary Sales at Champion and International rose 30% and 11%, respectively, offset by a 7% drop in sales of Innerwear, netting in a 2.7% 3Q sales gain; adjusted EPS declined 8.3% to $0.55. Consumer-Directed Channels grew sales 15% and represented 21%of total company sales in 3Q, or $388 million. HanesBrands updated and narrowed 2018 guidance. Projected net sales are $6,735–$6,775 million, versus $6,471 million in 2017; adjusted operating profit is$940–$955 million and adjusted EPS is$1.60–$1.73, which includes the $0.05 adverse effect of the Sears bankruptcy and $15 million in lost sales to Sears. This report is for paying subscribers only. Already a paying subscriber? Please log in to see the entire report.If you wish to learn more about our subscription plans and become a paying subscriber, click here. This document was generated for Other research you may be interested in: Earnings Insights 1Q24, Week 4: Alibaba and Walmart Report Sales Increases; The Home Depot and Under Armour See Sales DeclinesHead-to-Head in UK Apparel Retailing: Boohoo vs. PrimarkAugust 2023 US Housing Market Indicators: Mortgage Rate Increases to Highest in Over 21 YearsAnalyst Corner—A Budget for Retail? Reviewing the UK’s 2024 Finance Update with John Mercer