Earnings release
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news release FOR IMMEDIATE RELEASE News Media contact : Kirk Saville ( 336 ) 979-7293 HANES Brands Inc Analysts and Investors contact : T.C. Robillard ( 336 ) 519-2115 • • HanesBrands Announces Strong Second - Quarter 2021 Results Revenue , operating profit , operating margin and EPS from continuing operations exceed guidance Net sales from continuing operations of $ 1.75 billion , up 13 % over prior year ; up 15 % over second - quarter 2019 GAAP EPS from continuing operations of $ 0.42 ; adjusted EPS from continuing operations of $ 0.47 • Growth driven by global Champion brand and U.S. Innerwear • Global Champion sales up more than 120 % over prior year and 21 % over second - quarter 2019 • • • Raises second - half and full - year 2021 guidance for net sales , operating profit , and EPS from continuing operations Issues third - quarter 2021 guidance , including net sales from continuing operations of $ 1.78 billion to $ 1.81 billion , GAAP EPS from continuing operations of $ 0.42 to $ 0.45 and Adjusted EPS from continuing operations of $ 0.45 to $ 0.48 For reconciliations of select GAAP and Non - GAAP measures , see Table 6 of this release - WINSTON - SALEM , N.C. ( Aug. 5 , 2021 ) – HanesBrands Inc. ( NYSE : HBI ) , a global leader in iconic apparel brands , today announced results for the second quarter of 2021 , with increased sales , operating profit and cash flow driven by strong performance across its global innerwear and activewear businesses . Net sales from continuing operations for the second quarter ended July 3 , 2021 , totaled $ 1.75 billion , an increase of $ 208 million , or 13 % , compared with $ 1.54 billion for the quarter ended June 27 , 2020 , which included $ 614 million in sales of personal protective equipment ( “ PPE ” ) in response to the COVID - 19 pandemic . Excluding PPE , net sales increased 88 % over prior year . The growth was driven by strong point - of - sales trends , the overlap of last year's COVID - related shutdowns and the benefit of transitory items such as government stimulus . Total constant currency second - quarter net sales increased 10 % . " Our iconic brands continue to resonate with consumers around the world , and I'm very encouraged by the progress on our Full Potential growth plan , ” said Chief Executive Officer Steve Bratspies . “ I'm extremely proud of the way our associates performed under challenging conditions , delivering sales , profit and earnings growth above our expectations and above the second quarter of both 2020 and 2019. We are seeing strong momentum across our business and have raised our outlook for the second half of the year . "