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Hanes(HBI) - 2024 Q3 - Earnings Call Transcript
2024-11-07 15:21
Hanesbrands Inc. (NYSE:HBI) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET Company Participants T.C. Robillard - Vice President of Investor Relations Steve Bratspies - Chief Executive Officer Scott Lewis - Chief Financial Officer Conference Call Participants Brandon Cheatham - Citi David Swartz - Morningstar Paul Kearney - Barclays Capital Rob Rigby - Bank of America Operator Good day, and thank you for standing by. Welcome to the Hanesbrands' Third Quarter 2024 Earnings Conference Call. At th ...
Hanes(HBI) - 2024 Q3 - Quarterly Results
2024-11-07 11:48
Exhibit 99.1 HANES Brands Inc News Media contact: Nicole Ducouer (336) 986-7090 Analysts and Investors contact: T.C. Robillard (336) 519-2115 HanesBrands Announces Third-Quarter 2024 Results Raises Full-Year and Fourth-Quarter Operating Profit, EPS, and Cash Flow Outlook On Track to Pay Down $1 Billion of Debt in Second-Half 2024 • Reports 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-quarte ...
Hanesbrands Q3 Earnings on the Horizon: Key Insights for Investors
ZACKS· 2024-11-05 18:40
Hanesbrands (HBI) is likely to register year-over-year bottom-line growth when it reports third-quarter 2024 earnings on Nov. 7, before market open. The Zacks Consensus Estimate for earnings has declined a penny in the past 30 days to 11 cents per share, suggesting an increase of 10% from the prior-year reported figure.The consensus estimate for quarterly revenues is pegged at $928.3 million, indicating a drop of 38.6% from the year-ago quarter’s reported figure.HBI has a trailing four-quarter earnings surp ...
Harley-Davidson and Champion Reignite Their Partnership with a Bold New Capsule Collection
Prnewswire· 2024-10-30 20:21
"This collaboration captures the best of both worlds, blending Harley's rebellious spirit with Champion's athleticwear heritage. It's a collection built for those who live boldly—whether on the open road or the city streets," said Erica Bullard, Senior Vice President, Harley-Davidson. The Champion x Harley-Davidson® Capsule Collection features sweatshirts, tees, and hats with modern cuts and oversized graphics. Each piece combines rugged durability with the comfort of your favorite sweats, offering a unique ...
HanesBrands (HBI) Stock Dips While Market Gains: Key Facts
ZACKS· 2024-10-29 23:20
In the latest trading session, HanesBrands (HBI) closed at $7.26, marking a -0.14% move from the previous day. This change lagged the S&P 500's 0.16% gain on the day. At the same time, the Dow lost 0.37%, and the tech-heavy Nasdaq gained 0.78%. Coming into today, shares of the underwear, T-shirt and sock maker had lost 1.09% in the past month. In that same time, the Consumer Discretionary sector gained 0.21%, while the S&P 500 gained 1.67%. The investment community will be paying close attention to the earn ...
HanesBrands (HBI) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2024-10-22 23:21
HanesBrands (HBI) ended the recent trading session at $7.08, demonstrating a -1.39% swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily loss of 0.05%. Meanwhile, the Dow experienced a drop of 0.02%, and the technology-dominated Nasdaq saw an increase of 0.18%.Prior to today's trading, shares of the underwear, T-shirt and sock maker had gained 7.16% over the past month. This has outpaced the Consumer Discretionary sector's gain of 3.25% and the S&P 500's gain ...
Hanesbrands Gains From Strategic Moves: Staying Invested Makes Sense
ZACKS· 2024-10-03 17:40
Hanesbrands (HBI) has witnessed notable resilience in a challenging macroeconomic environment, driven by its strategic initiatives. The company's recent sale of the Global Champion business and exit from the U.S. outlet store sector are key moves designed to improve financial stability, streamline operations and enhance profitability. Hanesbrands' focus on enhancing its operating and financial models has been instrumental in driving long-term resilience and profitability. Key improvements include strengthen ...
What Does HanesBrands' Sale of Champion Mean for its Future?
ZACKS· 2024-10-01 16:06
HanesBrands Inc. (HBI) has completed the sale of its global Champion business to Authentic Brands Group. This move is a key step in the company's plan to simplify operations and focus on its core apparel lines. The sale positions HanesBrands to pay down approximately $1 billion in debt in the second half of 2024. With a clear focus and reduced financial burden, HanesBrands aims to boost shareholder returns through revenue growth, improved margins and double-digit earnings per share growth in the coming year ...
Hanesbrands Stock Hits 52-Week High: Is it Time to Buy, Hold or Sell?
ZACKS· 2024-09-19 16:16
Shares of Hanesbrands (HBI) hit a new 52-week high of $7.03 yesterday before dropping to close at $6.85. Over the past three months, Hanesbrands shares have surged an impressive 47%, against the industry's decline of 3.1%. The broader S&P 500 has risen 2.7% in the said time frame. This surge is attributed to Hanesbrands' resilience amid macroeconomic challenges. Image Source: Zacks Investment Research Technical indicators are also supportive of Hanesbrands' strong performance. The stock is trading above bot ...
lululemon Stock Rolls Down 51.7% YTD: Should You Buy or Beware?
ZACKS· 2024-09-11 17:00
lululemon athletica inc. (LULU) has seen a pullback in its share performance since the start of 2024. The recent decline in share performance is attributed to the challenges from the inflationary environment, leading to soft discretionary spending and struggles in the women's category. These factors have been collectively affecting the company's Americas business, mainly the United States. As a result, shares of this Vancouver-based luxury athletic apparel retailer have lost 51.7% in the year-to-date period ...