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Stock impact report

HanesBrands Announces Third-Quarter 2024 Results

Hanesbrands Inc. (HBI) 
Last hanesbrands inc. earnings: 4/30 06:30 am Check Earnings Report
US:NYSE Investor Relations: ir.hanesbrands.com
Company Research Source: Business Wire
Raises Full-Year and Fourth-Quarter Operating Profit, EPS, and Cash Flow OutlookOn Track to Pay Down $1 Billion of Debt in Second-Half 2024Reports net sales at the mid-point of expected range with operating profit and earnings per share (EPS) above the high-end of expected range.Raises full-year and fourth-quarter 2024 operating profit, earnings per share, and operating cash flow guidance due to year-to-date performance and strong visibility to continued margin improvement. Expects net sales at the mid-point of its prior guidance range.Net sales were $937 million; consistent with prior year on an organic constant currency basis.GAAP and Adjusted gross margins were 41.7% and 41.8%, respectively, an increase of 530 and 525 basis points, respectively, compared to prior year.GAAP and Adjusted operating margins were 11.0% and 13.0%, respectively, an increase of 255 and 435 basis points, respectively, compared to prior year.Increased GAAP and Adjusted EPS 550% and 850%, respectively, compar Show less Read more
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