HanesBrands Outperforms Wall Street with Strong Q1 Results

Published 13 hours agoHBI

HanesBrands Outperforms Wall Street with Strong Q1 Results

HanesBrands Inc. has reported impressive first-quarter results, showcasing resilience in the face of tariff challenges. The company announced an adjusted earnings per share (EPS) of $0.15, surpassing Wall Street's estimates of $0.12, as reported by investing.com. This performance highlights the company's ability to navigate complex market conditions effectively.

Digging into the numbers, HanesBrands achieved a Q3 revenue of $937.1 million, slightly ahead of analysts' forecasts of $936.47 million. The adjusted gross margin improved to 41.8%, thanks to lower input costs and various cost-saving measures. Moreover, the company has set plans to reduce its debt by approximately $1 billion in 2024, funded by the sale of its global Champion business.

HanesBrands' strategic focus and operational efficiency have also been reflected in its stock performance. The stock soared to a 52-week high of $8.73, marking a significant 130.5% increase over the past year. As part of its ongoing strategy, HanesBrands continues to focus on strengthening its financial position and adapting to market challenges effectively.

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