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Hanesbrands (HBI) 4Q17 Results: EPS in Line, EPS Guidance Below Consensus

Executive Summary

  • Hanes Brands reported 4Q17 adjusted EPS of $0.52, down 1.5% from $0.53 in the year-ago quarter and in line with the consensus estimate. Revenues were $1.65 billion, up 4.4% year over year and roughly in line with the $1.63 billion consensus estimate.
  • Separately, the company announced an agreement to acquire Bras N Things, a leading specialty retailer and online seller of intimate apparel in Australia, New Zealand and South Africa, for an enterprise value of approximately $400 million.
  • The company offered 2018 adjusted EPS guidance of $1.72–$1.80, below the consensus estimate of $2.04.

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