Hanesbrands (NYSE:HBI) First Quarter 2024 Results

Key Financial Results

• Revenue: US$1.16b (down 17% from 1Q 2023).

• Net loss: US$39.1m (loss widened by 14% from 1Q 2023).

• US$0.11 loss per share (further deteriorated from US$0.098 loss in 1Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hanesbrands EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.6%. Earnings per share (EPS) exceeded analyst estimates by 11%.

Looking ahead, revenue is forecast to grow 1.5% p.a. on average during the next 3 years, compared to a 6.0% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 1 warning sign we've spotted with Hanesbrands.

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