HanesBrands Announces First-Quarter 2024 Results
Hanesbrands Inc. (HBI)
Last hanesbrands inc. earnings: 4/30 06:30 am
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US:NYSE Investor Relations:
ir.hanesbrands.com
Company Research
Source: Business Wire
Net sales were $1.16 billion, the midpoint of the Company’s expected range.GAAP and Adjusted gross margin of 39.9% increased 750 and 720 basis points, respectively, compared to prior year, ahead of expectations.GAAP operating profit was $52 million. Adjusted operating profit of $84 million exceeded the high-end of the Company’s expectations.Reduced inventory 28% year-over-year. Generated cash flow from operations of $26 million.Further reduced leverage to 5.0 times net debt-to-adjusted EBITDA, 0.4 times lower than prior year and 0.2 times lower than year-end 2023. Ended quarter with over $1.2 billion of liquidity.Provides second-quarter 2024 guidance, including net sales of $1.335 billion to $1.375 billion; GAAP operating profit of $96 million to $111 million; Adjusted operating profit of $115 million to $130 million; GAAP EPS of $0.02 to $0.06; and, Adjusted EPS of $0.07 to $0.11.Reiterates full-year 2024 guidance, with continued visibility for strong profit and EPS growth despite a
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News
- HanesBrands and TCU Extend Long-Term Apparel PartnershipBusiness Wire
- Is Hanesbrands (HBI) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Hanesbrands Inc. (NYSE: HBI) had its price target raised by analysts at Barclays PLC from $4.00 to $5.00. They now have an "equal weight" rating on the stock.MarketBeat
- Hanesbrands Inc. (NYSE:HBI) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Hanesbrands (HBI) Q1 Loss Narrower Than Expected, Sales Down [Yahoo! Finance]Yahoo! Finance
HBI
Earnings
- 5/9/24 - Miss
HBI
Sec Filings
- 5/9/24 - Form 10-Q
- 5/9/24 - Form 8-K
- 4/26/24 - Form 8-K
- HBI's page on the SEC website