Hanesbrands (HBI) shares were up more than 2% in recent Thursday trading after the company reported fiscal Q1 adjusted income from continuing operations of $0.07 per diluted share, swinging from a loss of $0.05 a year earlier.
Analysts polled by FactSet expected $0.02.
Net sales for the quarter ended March 29 were $760.1 million, up from $744.7 million a year earlier.
Analysts surveyed by FactSet expected $752.3 million.
For fiscal Q2, the company said it expects adjusted EPS from continuing operations of about $0.18 on net sales of about $970 million. Analysts polled by FactSet expect non-GAAP EPS of $0.19 on $970.1 million in sales.
The company said it continues to expect fiscal 2025 adjusted EPS from continuing operations of about $0.51 to $0.55. Analysts surveyed by FactSet expect non-GAAP EPS of $0.46.
Net sales for the fiscal year are still expected to be between $3.47 billion and $3.52 billion. Analysts polled by FactSet expect $3.47 billion.
Price: 5.06, Change: +0.17, Percent Change: +3.48
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