Hanesbrands Raises Annual Profit Target, Promising Future Performance

Hanesbrands Inc. has been seeking growth through active mergers and acquisitions in recent years.

In the past two years, the group has acquired Maidenform Inc., DBApparel, and Knights Holdco Inc. of the United States and European counterparts, which cost over $1 billion.

Although the US underwear manufacturer Hanesbrands Inc. (NYSE:HBI) has achieved 14.1% revenue growth in the first quarter of the new merger and acquisition business, its revenue increased to $1 billion 209 million from $1 billion 59 million in the previous year, but still less than that.

1 billion 230 million dollars.

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The annual decline of 4.4% to 546 million dollars was due to a two week shortage of stocks.

Business grew by 1.2% to $298 million over the same period.

Directly facing consumer income, there is a 2.6% regression, while international business has risen sharply to 157.4% to 282 million US dollars.

Net profit in the first quarter was $52 million 636 thousand, an increase of 26.7% over the same period of the previous year of $41 million 560 thousand, and the diluted earnings per share rose from $0.10 to $0.13. The adjusted diluted earnings per share after excluding one-time items such as takeover expenses were 0.22 US dollars, slightly less than the market forecast of $0.23.

The group is expected to increase its annual revenue from $57.8-58.3 billion to $59.0-59.5, with its diluted earnings per share expected to rise from US $1.58-1.63 to $1.61-1.66.

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Europe's business grew by 2.5% in the same store, and its revenue grew by 4.3% to 838 million euros, and its operating profit was basically flat at 58 million euros.

China's same store sales dropped sharply in the first nine months after the sharp decline in the first quarter (-9.4%), while the same quarter sales increased by 1.9% year-on-year in the fourth quarter. However, the same store sales in the same quarter still recorded a 3.6% decline, with revenue falling 7.1% to 382 million 400 thousand euros, while operating profit decreased to 9 million 800 thousand euros from 9 million 800 thousand euros in the previous year.

The group's annual revenue increased slightly to 0.4% to 1 billion 220 million 300 thousand euros, and the same store sales increased by 0.7%.

ETAM D e veloppement SCA (TAM.PA) also released the first quarter results for the 2015 fiscal year ended March 31, 2015.

Quarterly earnings were 346 million 100 thousand euros, up 5.9% from the same period a year earlier, and the same store sales increased by 0.9% after excluding exchange rate effects.

Among them, the same store sales in Europe increased by 1.7%, real incomes increased by 5.9% to 346 million 100 thousand euros per annualized year, and China's income increased by 11.7% to 214 million 900 thousand euros due to the weakening of the euro.

At the end of the first quarter, the group had 4084 sales outlets worldwide, 939 in Europe, and 259 in the international franchise business, and the Chinese market had 2886 sales points after 2014 net reduction of 236 loss department stores.

This year, the group will slow down the closing speed of Chinese department stores.