Home / Knowledge / News / Apparel/Garments / HanesBrands sales climb 7% in Q1FY18 to $1.47 billion
HanesBrands sales climb 7% in Q1FY18 to $1.47 billion
May '18
Courtesy: HanesBrands
Courtesy: HanesBrands
For the first quarter ended March 31, 2018, HanesBrands has reported net sales growth of 7 per cent to $1.47 billion versus a guidance range of $1.42 billion to $1.44 billion. GAAP diluted EPS for continuing operations increased 16 per cent to $0.22 compared with guidance of $0.17 to $0.20, while adjusted EPS excluding actions decreased 10 per cent to $0.26.

The acquisitions of Bras N Things and Alternative Apparel contributed to sales growth in the quarter, while organic sales growth, driven by increased Champion and online sales, more than offset declines in the US brick-and-mortar channel. International operating profit growth was offset by declines in domestic operating profit.

Beginning in the first-quarter 2018, Hanes has eliminated the business-segment allocation of certain overhead selling, general and administrative expenses related to global functions in order to reflect the manner in which businesses are managed. Prior-year segment operating profit results have been revised to conform to the current presentation of segment results, HanesBrands press release said.

"We are focused on delivering quarterly results consistent with the promises we make in our guidance," said Hanes chief executive officer Gerald W Evans Jr. "We’re off to a good start. We are reaping ongoing benefits from diversifying our business through geographic expansion, Champion brand growth globally, and increased sales in the online channel. We have created powerful cash-generating global innerwear and activewear businesses that can leverage our leading market positions and brands, our robust global supply chain, and our global management expertise. This is the engine for creating shareholder value."

The company continues to expect full-year 2018 net sales of $6.72 billion to $6.82 billion, GAAP operating profit of $870 million to $905 million, adjusted operating profit excluding actions of $950 million to $985 million, GAAP EPS of $1.54 to $1.62, adjusted EPS excluding actions of $1.72 to $1.80, and net cash from operations of $675 million to $750 million. With US income tax reform, the company expects the 2018 full-year tax rate to be approximately 16 per cent.

Key assumptions in the company’s guidance include: a cautious outlook for the US brick-and-mortar consumer environment, including the first-half effect of door closures; an increase in full-year organic sales driven by online, global Champion, and international growth; and higher commodity costs and increased marketing investment to support additional planned product innovation.

Second-quarter net sales are expected to be in the range of $1.7 billion to $1.725 billion. At the midpoint of this guidance range, constant-currency organic sales are expected to decline less than 1 per cent. GAAP EPS is expected to be $0.38 to $0.40, and adjusted EPS excluding actions is expected to be $0.44 to $0.46. Charges related to acquisition integration and other actions are expected to total approximately $25 million in the second quarter. (RR)

Fibre2Fashion News Desk – India

Must ReadView All

Pic: Anton_Ivanov / Shutterstock.com

Retail | On 27th Jan 2022

UK retail sales volumes fall at fastest rate in 11 months in Dec 2021

UK retail sales volumes fell by 3.7 per cent in December 2021, the...

Pic: Shutterstock

Textiles | On 27th Jan 2022

New train route links China’s Suzhou city to Milan in Italy

A new China-Europe freight train route has been started between...

Pic: Shutterstock

Apparel/Garments | On 27th Jan 2022

UN-WTO report underrates Bangladesh's RMG industry progress: BGMEA

The recent United Nations-World Trade Organisation joint report has...

Interviews View All

Textile Industry, Head honchos

Textile Industry
Head honchos

Global supply chain collapsed during the pandemic

Textile Industry, Head honchos

Textile Industry
Head honchos

Occam's razor principle and purpose-driven innovations

Textile Industry, Head honchos

Textile Industry
Head honchos

Hopeful that issue will be resolved by first half of 2022

Susan Bhaktul,

Susan Bhaktul

Established in 2000 as a liaison with the Government of India, Industree...

Vikash & Vishal Pacheriwal,

Vikash & Vishal Pacheriwal

Launched in 2018, Raisin is a contemporary fusion fashion brand that aims...

Andrea Pelissero,

Andrea Pelissero

Located near Milan, Italy, and with 50 years of experience in the textile...

Silke Brand-Kirsch, Glatfelter

Silke Brand-Kirsch

Glatfelter is a leading global supplier of engineered materials. <b>Silke...

Serkan Gogus, Mogul Nonwovens

Serkan Gogus
Mogul Nonwovens

Mogul is a global player ranked among the top 40 nonwoven producers in the ...

Daniel Roxbury, University of Rhode Island

Daniel Roxbury
University of Rhode Island

Assistant professor Daniel Roxbury and former URI graduate student...

Vidur Adlakha & Riccardo Bennidini, La Fuori

Vidur Adlakha & Riccardo Bennidini
La Fuori

With an active presence in US, Italy and India, clothing brand La Fuori...

Kamal Khushlani, Mufti

Kamal Khushlani

Based out of Mumbai, Mufti is a men’s clothing fashion brand. In an...

Gauri Verma, Label - The Jodi Life

Gauri Verma
Label - The Jodi Life

THE JODI LIFE is an Indian fashion label that creates ready-to-wear for...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


Letter To Editor

(Max. 8000 char.)

Search Companies


Leave your Comments


Bluestem Global Sourcing Limited
John Varvatos
G-Star Raw C.V.
Etam Group Strategy Hong Kong Limited
Landmark Group
NITI Aayog
PVH Corporation
Alix Partners
Eastman Chemical Company
Page Industries Limited (Bangalore)
Chico’ FAS
SHAHI Exports Pvt Ltd
Aramark Uniform ;& Career Apparel, LLC
Green Fibre
Reiter India Private Limited
Cat Tuong Real Estate Group Joint Stock Company
Rosset ;& Cia Limited
Varner AS Retail
Truetzschler India Private Limited
Lululemon Athletica Inc
OVS Hong Kong Sourcing Ltd.
The LYCRA Company Singapore  Pte. Ltd
Maceton Limited
IKEA of Sweden AB
Aquarelle Clothing Limited
Gloria Jeans
Phong Phu international JSC (PPJ)
Benetton Group
Vardhman Textile Ltd
Recron Polyester from Reliance Industries Limited
Tory Burch Hong Kong Ltd
Gatsby Africa
Gokaldas Exports Limited
Tommy Hilfiger
Lacoste (Wanchai)
Sateri (Jiujiang) Fiber Co.,Ltd
Deckers Outdoor (Guangzhou) Consultant Co., LTD.
Groz-Beckert East Asia LLP
Under Armour Global Sourcing Ltd
Vianney Textil Hogar S.A. De C.V.
Alison Hayes Romania
Midas Clothing Limited
Arvind Limited
International Textile Manufacturers Federation
Esprit Europe Services GmbH
Seasalt Limited
Huntsman (Singapore) Pte Ltd
Target Corporation (MN)
IDH – The Sustainable Trade Initiative
Desigual - ABASIC, S.A.
J ;& P Coats
Boardriders Asia Sourcing Limited
Sainsbury's Argos Asia Limited
Amazon China
Lenzing Aktiengesellschaft
Grasim Industries Limited
Sportmaster Ltd.
Brandix Lanka Limited
C;&A Sourcing International Ltd
Rayonese Textile Inc., Division de Culp Inc.
Guess Europe Sagl,
LC Waikiki
Sportswear Company Spa
Calvin Klein
Lisa S.P.A.
KAS Direct Sourcing
Hirdaramani International Export Private Limited
T.T. Limited
Restoque S.A.
Helly Hansen Far East Ltd
Gap International Sourcing Limited
Chori Company Limited
MAS Active / MAS Kreeda / MAS Bodyline

January 2022

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

Advanced Search