Hanesbrands (HBI) Q1 Loss Narrower Than Expected, Sales Down [Yahoo! Finance]
Hanesbrands Inc. (HBI)
Last hanesbrands inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
The bottom line improved from the year-ago quarter's reported figure and surpassed the consensus mark. Management reaffirmed its 2024 guidance. Q1 in Detail The company posted an adjusted loss from continuing operations of 2 cents per share, narrower than the Zacks Consensus Estimate, which was pegged at a loss of 6 cents. The metric improved from a loss of 6 cents per share reported in the year-ago quarter. Net sales from continuing operations declined 16.8% to $1,156.2 million and came below the Zacks Consensus Estimate of $1,173.1 million. The metric includes nearly 120 basis points (bps) impact from the U.S. Hosiery divestiture and almost 105 bps from unfavorable currency rates. On a constant-currency basis, organic net sales fell nearly 15%. The downside was caused by headwinds in the Activewear segment. Global Champion brand sales tumbled 26%, with a decline of 35% in the United States and 17% internationally. Global Champion brand sales fell 25% at constant currency (cc
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- Hanesbrands Inc. (NYSE:HBI) Q1 2024 Earnings Call Transcript [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