Hanesbrands (HBI) Beats Q1 Earnings & Sales, Issues Q2 View

Hanesbrands Inc. HBI, came out with first-quarter 2018 results, wherein adjusted earnings of 26 cents surpassed the Zacks Consensus Estimate of 24 cents. Bottom-line however declined 10.3% from the prior-year quarter.

Earnings Estimate Revision: The Zacks Consensus Estimate for 2018 has remained stable in the last 30 days.

In the trailing four quarters, excluding the quarter under review, the company earnings surprise history has been quite mixed.

Revenues: Hanesbrands generated net sales of $1,471.5 million that jumped 6.6% year over year and came ahead of the Zacks Consensus Estimate of $1,431 million.