Apparel retailer brand, HanesBrands’ Earnings per share (EPS) has driven up to 37 per cent year on year to $0.41 in the three months ended January 2, 2017 on a GAAP basis, while full fiscal EPS surged 32 per cent to $1.40. In the reporting quarter, adjusted EPS grew 20 per cent at $0.53, but adjusted EPS in fiscal 2017 rose slower at 11 per cent to $1.85.
Sales growth was driven by accession, but was impacted by a weaker than expected retail environment in the US in the fourth quarter. In the fourth quarter of fiscal 2017, net sales expanded 12 per cent year on year to $1.58 billion and full fiscal net sales increased 5 per cent to $6.03 billion.
HanesBrands generated a record of $606 million in net cash from operations in fiscal 2017. Its inventory declined $132 million as of January 2, 2017 when excluding $158 million of fiscal end inventory, added as part of acquisitions in the fiscal.
Apparel and Textile News, Apparel Talk, Indian Apparel
