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Hanesbrands (HBI) Misses on Q4 Earnings and Revenues

Hanesbrands Inc HBI just released their fourth quarter fiscal 2015 earnings results, posting earnings of $0.44 and revenue of $1.409 billion.

Currently, HBI has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Hanesbrands:

Missed earnings estimates. The company posted $0.44, missing our Zacks Consensus Estimate of $0.46. This number excludes nonrecurring items worth $0.14.

Missed revenue estimates. The company saw revenue figures of $1.409 billion, missing our estimate of $1.53 billion.

Year-over-year sales increased by 8% to $1.409 billion.

"We delivered our third consecutive record year in 2015, although we are disappointed with our fourth-quarter performance"-CEO Richard A. Noll

HBI was up/down $3.64, or 12.39%, to $25.75 as of 5:42 PM ET in after hours trading shortly after its earnings report was released.

Here's a graph that looks at Hanesbrands' quarterly revenues growth.

Hanesbrands Inc. (HBI) Quarterly Revenue | FindTheCompany

Hanesbrands Inc. is a leading marketer of innerwear, outerwear and hosiery apparel under strong consumer brands, including Hanes, Champion, Playtex, Bali, Just My Size, barely there, and Wonderbra. The company designs, manufactures, sources, and sells T-shirts, bras, panties, men's underwear, children's underwear, socks, hosiery, casual wear and active wear. Hanesbrands was founded in 2006 as a spin-off from Sara Lee Corp and is headquartered in Winston-Salem, North Carolina.

Check back later for our full analysis on Hanesbrands' fourth quarter earnings report!

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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