HanesBrands posts 24 percent increase in Q4 EPS

HanesBrands, for the fourth quarter ended December 28, 2019, reported net sales of 1.75 billion dollars, decrease of 1 percent while constant-currency organic sales increased slightly. For the full year, net sales increased 2 percent to 6.97 billion dollars. The company said in a statement that fourth-quarter GAAP EPS and adjusted EPS excluding actions were each 51 cents, increases of 24 percent and 13 percent, respectively. For the full year, GAAP EPS increased 11 percent to 1.64 dollars and adjusted EPS excluding actions increased 5 percent to 1.76 dollars.