Hanesbrands reports q2 adjusted earnings per share $0.60

Hanesbrands reports second-quarter 2020 financial results.q2 adjusted earnings per share $0.60.q2 gaap earnings per share $0.46.q2 sales $1.74 billion versus $1.76 billion.q2 revenue estimate $1.17 billion -- refinitiv ibes data.q2 earnings per share estimate $-0.07 -- refinitiv ibes data.quarter-end liquidity of approximately $1.8 billion.incurred about $63 million in both planned restructuring actions and additional covid-related costs in q2.will not provide quarterly and fy performance guidance until visibility of pandemic's effect on global economies improves.decline in apparel sales in q2 was better than co's base-case scenario.anticipates sequential improvement of sales declines q3 and q4 for apparel sales.estimates it could sell more than $150 million of protective garments in h2 2020, primarily in q3.expects to generate positive cash flow in second half.expects foreign currency exchange rates to reduce net sales and operating profit in 2020.
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