NYSE$HBI
Hanesbrands Inc · Q3 2021 earnings
Q3 2021 earnings · · Investor relations
Briefing
Hanesbrands reported strong third-quarter results, executing its Full Potential growth plan and exceeding guidance for operating profit and EPS.
HanesBrands announced strong Q3 2021 results, with net sales of $1.79 billion, up 6% year-over-year, and adjusted EPS of $0.53. The company is maintaining its Q4 outlook for net sales and adjusted operating profit, driven by continued demand and a strong inventory position.
- Net sales from continuing operations increased 6% year-over-year to $1.79 billion, and 18% excluding PPE sales.
- GAAP EPS from continuing operations was $0.50, while adjusted EPS from continuing operations was $0.53.
- Global Champion brand sales surged more than 33% year-over-year and 20% over third-quarter 2019.
- U.S. Innerwear sales rose 12% year-over-year, excluding PPE, and 25% over third-quarter 2019.
Headline financials
Revenue & EPS history
Hanesbrands · Revenue · Quarterly
$1.79B
Forward guidance
The Company is reiterating Q4 net sales and adjusted operating profit guidance, driven by consumer demand and strong inventory position.
Tailwinds
- Net sales from continuing operations of approximately $1.71 billion to $1.78 billion, which represents approximately 3% growth over prior year at the midpoint.
- Adjusting for PPE and the 53rd week in 2020, net sales at the midpoint of the guidance range are expected to increase 8% over the prior year period.
- As compared to rebased fourth-quarter 2019, net sales at the midpoint are expected to increase 15%.
- GAAP operating profit from continuing operations to range from approximately $182 million to $202 million.
- Adjusted operating profit from continuing operations to range from approximately $200 million to $220 million.
Headwinds
- The midpoint of adjusted operating profit represents an operating margin of approximately 12.0% and reflects the impact of cost inflation as well as increased brand investment.
- Charges for actions related to Full Potential of approximately $18 million.
- Interest and other expenses of approximately $40 million, which excludes an approximate $45 million charge related to the expected refinancing of the Company’s Senior Secured Credit Facility and the make-whole premium for the planned redemption of its $700 million 5.375% 2025 Senior Notes.
- An effective tax rate of approximately 12% on both a GAAP and adjusted basis.
- GAAP earnings per share from continuing operations to range from approximately $0.24 to $0.29.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 15 quarterly earnings reports
-1.7%
Avg return
Earnings day
+1.0%
Avg return
5 days after
-0.8%
Avg return
30 days after
39%
25 / 64 earnings
Positive
+17.2%
Q4 2020
Best reaction
-24.8%
Q4 2022
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q4 2025 | — | — | — | |
| Q3 2025 | -3.3% | -2.6% | — | |
| Q2 2025 | +11.8% | +48.3% | +54.1% | |
| Q1 2025 | +4.1% | +10.0% | +2.3% | |
| Q4 2024 | -18.5% | -20.6% | -23.4% | |
| Q3 2024 | +12.7% | +12.4% | +19.2% | |
| Q2 2024 | +17.1% | +16.3% | +21.5% | |
| Q1 2024 | +11.2% | +11.0% | +16.4% | |
| Q4 2023 | -9.3% | -3.8% | +20.4% | |
| Q3 2023 | -4.7% | -1.4% | -8.5% | |
| Q2 2023 | +4.3% | +3.4% | -11.1% | |
| Q1 2023 | -11.2% | -11.6% | -10.2% | |
| Q4 2022 | -24.8% | -31.3% | -33.2% | |
| Q3 2022 | -4.0% | +3.8% | -10.3% | |
| Q2 2022 | -8.6% | -3.4% | -20.5% | |
| Q1 2022 | -11.1% | -14.0% | -16.9% | |
| Q4 2021 | -0.5% | +0.9% | -2.2% | |
| Q3 2021 | -1.6% | -1.2% | -9.9% | |
| Q2 2021 | +8.1% | — | — | |
| Q1 2021 | -14.3% | — | — | |
| Q4 2020 | +17.2% | — | — | |
| Q3 2020 | -21.5% | — | — | |
| Q2 2020 | -3.5% | — | — | |
| Q1 2020 | -7.8% | — | — | |
| Q4 2019 | -3.7% | — | — | |
| Q3 2019 | -3.4% | — | — | |
| Q2 2019 | -5.8% | — | — | |
| Q1 2019 | -1.8% | — | — | |
| Q4 2018 | +14.6% | — | — | |
| Q3 2018 | -7.0% | — | — | |
| Q2 2018 | -17.9% | — | — | |
| Q1 2018 | -6.4% | — | — | |
| Q4 2017 | -12.3% | — | — | |
| Q3 2017 | -10.8% | — | — | |
| Q2 2017 | +3.2% | — | — | |
| Q1 2017 | -5.0% | — | — | |
| Q4 2016 | -18.3% | — | — | |
| Q3 2016 | +7.9% | — | — | |
| Q2 2016 | -5.8% | — | — | |
| Q1 2016 | +1.3% | — | — | |
| Q4 2015 | -18.0% | — | — | |
| Q3 2015 | +17.0% | — | — | |
| Q2 2015 | -8.0% | — | — | |
| Q1 2015 | -5.6% | — | — | |
| Q4 2014 | -2.7% | — | — | |
| Q3 2014 | -3.2% | — | — | |
| Q2 2014 | +3.3% | — | — | |
| Q1 2014 | +6.1% | — | — | |
| Q4 2013 | +13.0% | — | — | |
| Q3 2013 | +6.3% | — | — | |
| Q2 2013 | +6.1% | — | — | |
| Q1 2013 | +3.0% | — | — | |
| Q4 2012 | +4.1% | — | — | |
| Q3 2012 | -1.6% | — | — | |
| Q2 2012 | +4.8% | — | — | |
| Q1 2012 | +10.3% | — | — | |
| Q4 2011 | +0.6% | — | — | |
| Q3 2011 | -1.2% | — | — | |
| Q2 2011 | +1.3% | — | — | |
| Q4 2009 | -1.9% | — | — | |
| Q1 2011 | +0.8% | — | — | |
| Q3 2010 | -5.5% | — | — | |
| Q4 2010 | -2.4% | — | — | |
| Q2 2010 | -2.4% | — | — | |
| Q1 2010 | -1.8% | — | — |
Discussion
Share your read of this quarter. Sign-in carries your eToro identity.
Join the conversation
Sign in with eToro to post your read of this quarter and vote on others'.
Sign in with eToro