- Hanesbrands (NYSE:HBI) Q2 comes up shy on revenue but beats on a per share basis as total sales increased by 1.6% Y/Y.
- Net earnings soared as higher sales and lower costs generated record profit margins.
- Gross margin widened to 36.3% from 31.1%.
- The company boosted 2013 earnings guidance, now expecting an EPS between $3.50 and $3.65 compared to its prior outlook for $3.25 to $ 3.40 per share.
- The company also slightly lowered its revenue outlook, calling for sales of around $4.55B compared to its prior forecast for about $4.6B in revenue.
- Shares +2.8% AH.