HanesBrands Q2 Profit Rises - Quick Facts

(RTTNews) - HanesBrands (HBI) reported that its second-quarter income from continuing operations rose to $121.59 million or $1.19 per share, from $67.32 million or $0.67 per share, prior year. Net income rose to $121.59 million or $1.19 per share, from $1.23 million or $0.01 per share, last year.

On average, 12 analysts polled by Thomson Reuters expected the company to report profit of $0.94 per share for the quarter. Analysts' estimates typically exclude special items.

Net sales were $1.20 billion, compared to $1.18 billion last year. Analysts expected revenue of $1.21 billion for the quarter.

Hanes has updated its full-year guidance. The company now anticipates net sales of approximately $4.55 billion; and EPS of $3.50 to $3.65. Hanes' previous guidance for the year was net sales of approximately $4.6 billion; and EPS of $3.25 to $3.40. Analysts expect the company to report fiscal year profit per share of $3.46 on revenue of $4.59 billion.