Hanesbrands (HBI) Q4 Earnings Lag Estimates, Sales Decline Y/Y [Yahoo! Finance]
Hanesbrands Inc. (HBI)
Last hanesbrands inc. earnings: 4/30 06:30 am
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Source: Yahoo! Finance
Both metrics declined year over year. More-than-expected challenges in the sales environment hurt results. Sales declined across all segments in the quarter. Q4 in Detail The company posted adjusted earnings from continuing operations of 3 cents per share, missing the Zacks Consensus Estimate of 9 cents. The metric declined from 7 cents per share reported in the year-ago quarter. Net sales from continuing operations declined 12% to $1,296.8 million and came below the Zacks Consensus Estimate of $1,361.7 million. The metric includes nearly 130 basis points (bps) impact from the U.S. Hosiery divestiture and almost 40 bps from unfavorable currency rates. On a constant-currency basis, organic net sales fell nearly 10% on more-than-expected global consumer environment challenges, mainly in the U.S. activewear market and in Australia. Global Champion brand sales tumbled 23%, with a decline of 30% in the United States and 14% internationally. Global Champion brand sales fell 24% at c
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HBI
News
- Decorated Apparel Market Size is expected to reach USD 70.4 billion by 2031, growing at a CAGR of 11.4%: Straits Research [Yahoo! Finance]Yahoo! Finance
- HanesBrands Announces Substantial Progress Toward Reaching Sustainability Goals Around People, Planet and ProductBusiness Wire
- Compression Stockings Market To Reach USD 3.9 Billion By 2032, Says DataHorizzon Research [Yahoo! Finance]Yahoo! Finance
- Hanesbrands Inc.'s (NYSE:HBI) latest 8.4% decline adds to one-year losses, institutional investors may consider drastic measures [Yahoo! Finance]Yahoo! Finance
- Sephora appoints Xia Ding as Managing Director of Sephora Greater China [Yahoo! Finance]Yahoo! Finance
HBI
Earnings
- 2/15/24 - Miss
HBI
Sec Filings
- 4/26/24 - Form 8-K
- 3/28/24 - Form 4
- 3/28/24 - Form 4
- HBI's page on the SEC website