Benzinga | Jul 30, 2020 07:18AM EDT

Hanesbrands: Q2 Earnings Insights

Shares of Hanesbrands (NYSE:HBI) moved higher by 8% in pre-market trading after the company reported Q2 results.

Quarterly Results

Earnings per share increased 33.33% year over year to $0.60, which beat the estimate of ($0.07).

Revenue of $1,739,000,000 decreased by 1.25% year over year, which beat the estimate of $1,170,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Hanesbrands hasn't issued any revenue guidance for the time being.

How To Listen To The Conference Call

Date: Jul 30, 2020

Time: 08:30 AM

ET Webcast URL: https://edge.media-server.com/mmc/p/rijxf4gy

Recent Stock Performance

52-week high: $16.40

52-week low: $6.96

Price action over last quarter: Up 55.01%

Company Description

Hanesbrands manufactures basic and athletic apparel under brands including Hanes, Champion, Playtex, Bali, and Bonds. The company sells wholesale to discount, midmarket, and department store retailers as well as direct to consumers. Hanesbrands is vertically integrated as it produces more than 70% of its products in company-controlled factories in more than three dozen nations. Hanesbrands distributes products in the Americas, Europe, and Asia-Pacific. The company was founded in 1901 and is based in Winston-Salem, North Carolina.