Financial Data and Key Metrics Changes - Hanesbrands reported a 4% year-over-year growth in sales for the fourth quarter, with net sales increasing 4.5% to $888 million [34][14] - Gross margin improved by 580 basis points to 41.4%, while operating margin expanded by 390 basis points to 11.8% [14][15] - Earnings per share (EPS) increased by 670% [15] - The company paid down over $1 billion in debt, reducing leverage by nearly 2 turns [15][40] Business Line Data and Key Metrics Changes - In the U.S., net sales increased by 3% year-over-year, driven by innovation and increased brand investments [34][35] - The International segment saw a 6% increase in net sales on a constant currency basis, with growth in each region [35] - The Champion Japan business has been reclassified to discontinued operations, affecting comparability with previous guidance [4][5] Market Data and Key Metrics Changes - The Australian business experienced growth driven by better inventory management and strong innovation [35][106] - The company noted no significant shifts in ordering patterns among major retail accounts, maintaining strong relationships across channels [78][123] Company Strategy and Development Direction - Hanesbrands is transitioning from a global holding company to a global operating company, focusing on consumer-centric innovation and streamlined operations [16][18] - The company aims to expand margins to over 15% and generate more than $400 million in annual operating cash flow [21][23] - The strategy includes leveraging competitive strengths and focusing on new revenue streams, particularly in the Printwear channel [22][111] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving positive organic constant currency sales growth in 2025, despite a challenging consumer environment [50][51] - The company anticipates further margin expansion in 2025, driven by cost savings and improved operational efficiencies [22][39] - Management highlighted a strong foundation and momentum entering 2025, with a commitment to shareholder value creation [13][24] Other Important Information - The company has initiated a leadership succession plan, with the current CEO planning to step down after five years [24][66] - Management emphasized the importance of transparency during the transition and the strength of the current leadership team [66][67] Q&A Session Summary Question: Confidence in driving positive sales in 2025 and revenue opportunities - Management expressed confidence in achieving 1% organic constant currency growth, supported by innovation and brand investments [50][51] Question: Visibility and control over future margin expansion - Management indicated strong visibility to cost and savings, expecting another step up in operating margins in 2025 [54][59] Question: Elimination of stranded costs associated with Champion - Management stated that stranded costs would be largely eliminated by the end of 2025, contributing to margin expansion [72][73] Question: Guidance breakdown for U.S. vs. international business - Management expects flat growth in the U.S. and low-single-digit growth internationally, with no major shifts in ordering patterns [77][78] Question: Gross margin cadence throughout the year - Management anticipates a stronger gross margin in the first half of the year, with some stabilization expected in the back half [81][84] Question: Cash flow build for the year - Management outlined factors contributing to the expected $350 million in operating cash flow, including profit growth and lower cash interest [95][100] Question: International revenue outlook and inventory position - Management clarified that growth in Australia is driven by volume rather than inventory fill, with a focus on consumer engagement and innovation [105][106] Question: Impact of potential retaliatory tariffs on sales into Mexico and Canada - Management confirmed no impact from tariffs, as products are not sold from the U.S. into those countries [115][117] Question: Consumer trends and channel shifts - Management noted that the business follows macro channel trends closely, with strong relationships across various retail channels [123]

[Introduction and Context](index=1&type=section&id=Introduction%20and%20Context) The company reclassified its Champion and U.S. outlet businesses as discontinued operations and realigned its reportable segments - Hanesbrands Inc. has reclassified its global Champion business (excluding Japan initially, then including Champion Japan) and U.S.-based outlet store businesses as discontinued operations, reflecting a single strategic exit plan[4](index=4&type=chunk) - The company realigned its reportable segments into two operating segments: U.S. and International. The 'Other' segment comprises the U.S. Sheer Hosiery business (sold September 29, 2023) and certain sales from supply chain and short-term support/transition services agreements for disposed businesses[5](index=5&type=chunk) [Financial Tables Overview](index=3&type=section&id=Financial%20Tables) This section provides an overview of the company's financial performance through various GAAP and non-GAAP statements and segment data [Condensed Consolidated Statements of Operations (As Reported GAAP)](index=3&type=section&id=Table%201-A%20-%20Condensed%20Consolidated%20Statements%20of%20Operations%2C%20As%20REPORTED) This table presents the company's consolidated statements of operations as reported under GAAP, with the Global Champion, U.S.-based outlet store, and Champion Japan businesses reclassified as discontinued operations for all periods presented (Fiscal Year 2022 through Fiscal Year 2024) Consolidated Financial Performance (As Reported GAAP, in thousands) | Metric | FY2022 | FY2023 | FY2024 | | :------------------------------------------------ | :----- | :----- | :----- | | Net sales | $3,862,809 | $3,639,386 | $3,507,438 | | Gross profit | $1,347,035 | $1,291,890 | $1,359,524 | | Operating profit | $267,371 | $266,278 | $185,948 | | Income (loss) from continuing operations before income taxes | $127,344 | $14,330 | $(57,394) | | Income (loss) from discontinued operations, net of tax | $193,341 | $(46,874) | $(222,436) | | Net income (loss) | $(127,204) | $(17,726) | $(320,431) | | Diluted EPS (Continuing Operations) | $(0.92) | $0.08 | $(0.28) | | Diluted EPS (Discontinued Operations) | $0.55 | $(0.13) | $(0.63) | | Diluted EPS (Net Income) | $(0.36) | $(0.05) | $(0.91) | - Net sales **decreased by 3.6%** from **$3,639,386 thousand** in FY2023 to **$3,507,438 thousand** in FY2024[7](index=7&type=chunk) - Operating profit **decreased by 30.1%** from **$266,278 thousand** in FY2023 to **$185,948 thousand** in FY2024[7](index=7&type=chunk) - Net income (loss) **significantly worsened from $(17,726) thousand** in FY2023 to **$(320,431) thousand** in FY2024[7](index=7&type=chunk) - Diluted EPS from continuing operations **declined from $0.08** in FY2023 to **$(0.28)** in FY2024[7](index=7&type=chunk) - Diluted EPS from discontinued operations **worsened from $(0.13)** in FY2023 to **$(0.63)** in FY2024[7](index=7&type=chunk) [Condensed Consolidated Statements of Operations - Continuing Operations (As Adjusted)](index=4&type=section&id=Table%201-B%20-%20Condensed%20Consolidated%20Statements%20of%20Operations%20-%20Continuing%20Operations%2C%20As%20ADJUSTED) This table provides the adjusted financial results for continuing operations, excluding the impact of restructuring and other material non-core initiatives, offering a clearer view of the company's core operating performance Continuing Operations Financial Performance (As Adjusted, in thousands) | Metric | FY2022 | FY2023 | FY2024 | | :------------------------------------------------ | :----- | :----- | :----- | | Net sales | $3,862,809 | $3,639,386 | $3,507,438 | | Gross profit, as adjusted | $1,360,680 | $1,294,043 | $1,450,703 | | Gross profit % of net sales | 35.2% | 35.6% | 41.4% | | Operating profit, as adjusted | $322,013 | $289,077 | $415,171 | | Operating profit % of net sales | 8.3% | 7.9% | 11.8% | | Income (loss) from continuing operations, as adjusted | $147,863 | $(26,079) | $140,640 | | Diluted EPS (Continuing Operations, as adjusted) | $0.42 | $(0.07) | $0.40 | - Gross profit, as adjusted, **increased by 12.1%** from **$1,294,043 thousand** in FY2023 to **$1,450,703 thousand** in FY2024, with margin improving from **35.6%** to **41.4%**[9](index=9&type=chunk) - Operating profit, as adjusted, **significantly increased by 43.6%** from **$289,077 thousand** in FY2023 to **$415,171 thousand** in FY2024, with margin improving from **7.9%** to **11.8%**[9](index=9&type=chunk) - Income from continuing operations, as adjusted, **turned positive from $(26,079) thousand** in FY2023 to **$140,640 thousand** in FY2024[9](index=9&type=chunk) - Diluted EPS from continuing operations, as adjusted, **improved from $(0.07)** in FY2023 to **$0.40** in FY2024[9](index=9&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures - Continuing Operations](index=5&type=section&id=Table%202-A%20-%20Reconciliation%20of%20Select%20GAAP%20Measures%20to%20Non-GAAP%20Measures%20-%20Continuing%20Operations) This section details the reconciliation of GAAP reported results to non-GAAP adjusted results for continuing operations, outlining specific restructuring and other action-related charges that are excluded to provide a supplemental view of core performance - Types of Restructuring and Other Action-Related Charges: * Supply chain restructuring and consolidation (related to global Champion business sale and U.S.-based outlet store exit) * Corporate asset impairment charges (contract termination, headquarters impairment) * Headcount actions and related severance * Professional services (consulting and advisory fees) * Technology (modernization initiative, ERP platform) * Gain/loss on sale of business and classification of assets held for sale (U.S. Sheer Hosiery business) * Loss on extinguishment of debt (term debt paydown, Senior Notes redemption) * Gain on final settlement of cross currency swap contracts * Discrete tax benefit/expense * Tax effect on actions[12](index=12&type=chunk) Impact of Adjustments on Key Metrics (Continuing Operations, in thousands) | Metric | FY2022 GAAP | FY2022 Adj. | FY2023 GAAP | FY2023 Adj. | FY2024 GAAP | FY2024 Adj. | | :------------------------------------------------ | :---------- | :---------- | :---------- | :---------- | :---------- | :---------- | | Gross profit | $1,347,035 | $1,360,680 | $1,291,890 | $1,294,043 | $1,359,524 | $1,450,703 | | SG&A expenses | $1,079,664 | $1,038,667 | $1,025,612 | $1,004,966 | $1,173,576 | $1,035,532 | | Operating profit | $267,371 | $322,013 | $266,278 | $289,077 | $185,948 | $415,171 | | Income (loss) from continuing operations before income taxes | $127,344 | $181,986 | $14,330 | $44,225 | $(57,394) | $181,241 | | Income tax expense (benefit) | $447,889 | $34,123 | $(14,818) | $70,304 | $40,601 | $40,601 | | Income (loss) from continuing operations | $(320,545) | $147,863 | $29,148 | $(26,079) | $(97,995) | $140,640 | | Diluted EPS from continuing operations | $(0.92) | $0.42 | $0.08 | $(0.07) | $(0.28) | $0.40 | - Significant Adjustments in FY2024: * Supply chain restructuring and consolidation: **$80,748 thousand** added to gross profit, **$(90,781) thousand** removed from SG&A, resulting in **$171,529 thousand** added to operating profit[13](index=13&type=chunk)[14](index=14&type=chunk) * Corporate asset impairment charges: **$10,395 thousand** added to gross profit, **$(9,712) thousand** removed from SG&A, resulting in **$20,107 thousand** added to operating profit[13](index=13&type=chunk)[14](index=14&type=chunk) * **Total adjustments to operating profit in FY2024 were $229,223 thousand**[13](index=13&type=chunk)[14](index=14&type=chunk) [Reconciliation of GAAP to Non-GAAP Measures - Discontinued Operations](index=11&type=section&id=Table%202-B%20-%20Reconciliation%20of%20Select%20GAAP%20Measures%20to%20Non-GAAP%20Measures%20-%20Discontinued%20Operations) This table reconciles GAAP reported results to non-GAAP adjusted measures for discontinued operations, which include the Global Champion, U.S.-Based Outlet Store, and Champion Japan businesses, detailing the impact of restructuring and other action-related charges on their financial performance Discontinued Operations Financial Performance (in thousands) | Metric | FY2022 GAAP | FY2022 Adj. | FY2023 GAAP | FY2023 Adj. | FY2024 GAAP | FY2024 Adj. | | :------------------------------------------------ | :---------- | :---------- | :---------- | :---------- | :---------- | :---------- | | Net sales | $2,370,841 | $2,370,841 | $1,997,137 | $1,997,137 | $1,404,277 | $1,404,277 | | Operating profit (loss) | $252,174 | $257,390 | $22,504 | $115,609 | $(166,632) | $85,123 | | Income (loss) from discontinued operations, net of tax | $189,376 | $194,592 | $(46,874) | $46,231 | $(222,436) | $29,319 | | Diluted EPS from discontinued operations | $0.54 | $0.56 | $(0.13) | $0.13 | $(0.63) | $0.08 | - Net sales from discontinued operations **decreased by 29.6%** from **$1,997,137 thousand** in FY2023 to **$1,404,277 thousand** in FY2024[20](index=20&type=chunk) - GAAP operating profit from discontinued operations **significantly declined from $22,504 thousand** in FY2023 to a loss of **$(166,632) thousand** in FY2024[20](index=20&type=chunk) - Adjusted operating profit from discontinued operations **decreased by 26.4%** from **$115,609 thousand** in FY2023 to **$85,123 thousand** in FY2024[20](index=20&type=chunk) - GAAP net income from discontinued operations **worsened from a loss of $(46,874) thousand** in FY2023 to a loss of **$(222,436) thousand** in FY2024[20](index=20&type=chunk) - Adjusted net income from discontinued operations **decreased by 36.5%** from **$46,231 thousand** in FY2023 to **$29,319 thousand** in FY2024[20](index=20&type=chunk) - **Total charges for discontinued operations were $251,755 thousand** in FY2024, **significantly impacting GAAP results**[20](index=20&type=chunk) [Supplemental Financial Information by Business Segment - Continuing Operations](index=12&type=section&id=Table%203%20-%20Supplemental%20Financial%20Information%20by%20Business%20Segment%20-%20Continuing%20Operations) This table provides a breakdown of net sales and operating profit for the company's continuing operations by its realigned reportable segments: U.S. and International, offering insight into the performance of each geographical segment Segment Net Sales (Continuing Operations, in thousands) | Segment | FY2022 | FY2023 | FY2024 | | :-------------- | :----- | :----- | :----- | | U.S. | $2,692,175 | $2,636,656 | $2,581,137 | | International | $1,010,541 | $933,067 | $908,433 | | Total Segment Net Sales | $3,702,716 | $3,569,723 | $3,489,570 | Segment Operating Profit (Continuing Operations, in thousands) | Segment | FY2022 | FY2023 | FY2024 | | :-------------- | :----- | :----- | :----- | | U.S. | $402,697 | $404,273 | $548,852 | | International | $144,373 | $108,833 | $106,506 | | Total Segment Operating Profit | $547,070 | $513,106 | $655,358 | - U.S. net sales **decreased by 2.1%** from **$2,636,656 thousand** in FY2023 to **$2,581,137 thousand** in FY2024[22](index=22&type=chunk) - International net sales **decreased by 2.6%** from **$933,067 thousand** in FY2023 to **$908,433 thousand** in FY2024[22](index=22&type=chunk) - U.S. operating profit **increased by 35.8%** from **$404,273 thousand** in FY2023 to **$548,852 thousand** in FY2024[22](index=22&type=chunk) - International operating profit **decreased by 2.1%** from **$108,833 thousand** in FY2023 to **$106,506 thousand** in FY2024[22](index=22&type=chunk) [Impact of Foreign Currency - Continuing Operations (2024 Quarters)](index=13&type=section&id=Table%204-A%20-%20Impact%20of%20Foreign%20Currency%20-%20Continuing%20Operations%20(2024%20only)) Foreign currency fluctuations had a negative impact on reported net sales, gross profit, and operating profit for continuing operations in Q1, Q2, and Q3 2024. When adjusted for currency, the underlying performance (constant currency) showed different trends, particularly in operating profit Q1 2024 (Quarter Ended March 30, 2024 vs. April 1, 2023) | Metric | As Reported | Foreign Currency Impact | Constant Currency | % Change (As Reported) | % Change (Constant Currency) | | :------------------------------------------------ | :---------- | :---------------------- | :---------------- | :--------------------- | :--------------------------- | | Net sales (GAAP) | $744,675 | $(11,369) | $756,044 | (12.3)% | (11.0)% | | Gross profit (GAAP) | $297,433 | $(7,710) | $305,143 | 10.8% | 13.7% | | Operating profit (GAAP) | $35,414 | $(2,862) | $38,276 | 44.3% | 56.0% | | Diluted loss per share (GAAP) | $(0.09) | $(0.09) | $(0.01) | (40.0)% | (93.3)% | | Net sales (Adjusted) | $744,675 | $(11,369) | $756,044 | (12.3)% | (11.0)% | | Gross profit (Adjusted) | $297,636 | $(7,710) | $305,346 | 10.3% | 13.1% | | Operating profit (Adjusted) | $50,383 | $(2,862) | $53,245 | 82.9% | 93.3% | | Diluted loss per share (Adjusted) | $(0.05) | $(0.04) | $(0.01) | (58.3)% | (91.7)% | Q2 2024 (Quarter Ended June 29, 2024 vs. July 1, 2023) | Metric | As Reported | Foreign Currency Impact | Constant Currency | % Change (As Reported) | % Change (Constant Currency) | | :------------------------------------------------ | :---------- | :---------------------- | :---------------- | :--------------------- | :--------------------------- | | Net sales (GAAP) | $973,927 | $(12,270) | $986,197 | (3.9)% | (2.7)% | | Gross profit (GAAP) | $298,343 | $(7,771) | $306,114 | (14.0)% | (11.8)% | | Operating profit (GAAP) | $(63,203) | $(3,451) | $(59,752) | (190.6)% | (185.6)% | | Diluted loss per share (GAAP) | $(0.39) | $(0.38) | $(0.01) | 1,200.0% | (66.7)% | | Net sales (Adjusted) | $973,927 | $(12,270) | $986,197 | (3.9)% | (2.7)% | | Gross profit (Adjusted) | $386,964 | $(7,771) | $394,735 | 11.4% | 13.7% | | Operating profit (Adjusted) | $125,831 | $(3,451) | $129,282 | 45.5% | 49.5% | | Diluted EPS (Adjusted) | $0.15 | $0.16 | $(0.01) | 650.0% | (150.0)% | Q3 2024 (Quarter Ended September 28, 2024 vs. September 30, 2023) | Metric | As Reported | Foreign Currency Impact | Constant Currency | % Change (As Reported) | % Change (Constant Currency) | | :------------------------------------------------ | :---------- | :---------------------- | :---------------- | :--------------------- | :--------------------------- | | Net sales (GAAP) | $900,367 | $(6,652) | $907,019 | (2.8)% | (2.1)% | | Gross profit (GAAP) | $373,477 | $(1,299) | $374,776 | 11.5% | 11.9% | | Operating profit (GAAP) | $94,037 | $(206) | $94,243 | 21.3% | 21.6% | | Diluted EPS (GAAP) | $0.07 | $0.07 | $0.00 | (333.3)% | (100.0)% | | Net sales (Adjusted) | $900,367 | $(6,652) | $907,019 | (2.8)% | (2.1)% | | Gross profit (Adjusted) | $374,594 | $(1,299) | $375,893 | 11.3% | 11.7% | | Operating profit (Adjusted) | $112,982 | $(206) | $113,188 | 40.8% | 41.1% | | Diluted EPS (Adjusted) | $0.12 | $0.12 | $0.00 | (500.0)% | (100.0)% | [Organic Constant Currency - Continuing Operations (2024 Quarters)](index=15&type=section&id=Table%204-B%20-%20Organic%20Constant%20Currency%20-%20Continuing%20Operations%20(2024%20only)) This table reconciles reported net sales from continuing operations to an organic constant currency basis for the first three quarters of 2024, isolating the impact of foreign currency and other sales (like the U.S. Sheer Hosiery business sale) to show underlying organic growth Q1 2024 (Quarter Ended March 30, 2024 vs. April 1, 2023) | Metric | As Reported | Foreign Currency Impact | Less Other Sales | Organic Constant Currency | % Change (As Reported) | % Change (Organic Constant Currency) | | :-------- | :---------- | :---------------------- | :--------------- | :------------------------ | :--------------------- | :----------------------------------- | | Net sales | $744,675 | $(11,369) | $773 | $755,271 | (12.3)% | (8.1)% | Q2 2024 (Quarter Ended June 29, 2024 vs. July 1, 2023) | Metric | As Reported | Foreign Currency Impact | Less Other Sales | Organic Constant Currency | % Change (As Reported) | % Change (Organic Constant Currency) | | :-------- | :---------- | :---------------------- | :--------------- | :------------------------ | :--------------------- | :----------------------------------- | | Net sales | $973,927 | $(12,270) | $700 | $985,497 | (3.9)% | (0.8)% | Q3 2024 (Quarter Ended September 28, 2024 vs. September 30, 2023) | Metric | As Reported | Foreign Currency Impact | Less Other Sales | Organic Constant Currency | % Change (As Reported) | % Change (Organic Constant Currency) | | :-------- | :---------- | :---------------------- | :--------------- | :------------------------ | :--------------------- | :----------------------------------- | | Net sales | $900,367 | $(6,652) | $(388) | $907,407 | (2.8)% | 0.1% | - **Definition of Other Sales**: **Consist of the U.S. Sheer Hosiery business** (prior to Sept 29, 2023 sale) and certain sales from supply chain and short-term support/transition services agreements for disposed businesses[28](index=28&type=chunk)

Hanesbrands (HBI) is likely to report fourth-quarter 2024 earnings on Feb. 13. The Zacks Consensus Estimate for quarterly revenues is pegged at $899.3 million. The consensus mark for earnings has remained unchanged in the past 30 days and is pegged at 14 cents per share. HBI delivered a trailing four-quarter earnings surprise of 21.6%, on average. In the last reported quarter, the company reported an earnings surprise of 36.4%.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Things to ...

Some tickers are covered more than others on the site, so with The Undercovered Dozen our Editors highlight twelve actionable investment ideas on tickers with less coverage. These ideas can range from "boring" large caps to promising up-and-coming small caps. Specifically, the inclusion criteria for "undercovered" include: market cap greater than $100 million, more than 800 symbol page views in the last 90 days on Seeking Alpha, and fewer than two articles published in the past 30 days. Follow this account ...

Company Overview - Hanesbrands Inc (NYSE: HBI) operates in the apparel industry, selling products through brands such as Hanes, Bonds, Bali, Maidenform, Playtex, and JMS [1] - The company has a strong focus on underwear but also offers a variety of other clothing items [1] Investment Philosophy - The investment approach emphasizes identifying mispriced securities by understanding the drivers behind a company's financials [1] - A DCF (Discounted Cash Flow) model is often used to evaluate a stock's prospects, considering all aspects of the company rather than limiting to traditional value, dividend, or growth investing [1] Analyst Disclosure - The analyst has no stock, option, or derivative positions in any of the mentioned companies and no plans to initiate such positions within the next 72 hours [2] - The article reflects the analyst's personal opinions and is not influenced by any compensation or business relationships with the mentioned companies [2] Seeking Alpha Disclosure - Seeking Alpha's analysts are third-party authors, including both professional and individual investors, who may not be licensed or certified by any regulatory body [3] - The platform does not provide investment advice or recommendations, and the views expressed may not reflect those of Seeking Alpha as a whole [3]

For Immediate ReleasesChicago, IL – December 11, 2024 – Zacks.com announces the list of stocks and featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include including The Walt Disney Company (DIS) , Choice Hotels International, Inc. (CHH) , Snap-on Inc. (SNA) , Hanesbrands Inc. (HBI) and Mattel, Inc. (MAT) .Here are highlights from Wednesday’s Analyst Blog:5 Discretion ...

Long-only investment, evaluating companies from an operational, buy-and-hold perspective.Quipus Capital does not focus on market-driven dynamics and future price action. Instead, our articles focus on operational aspects, understanding the long-term earnings power of companies, the competitive dynamics of the industries where they participate, and buying companies that we would like to hold independently of how the price moves in the future. Most QC calls will be holds, and that is by design. Only a very sm ...

Earnings Performance - The company posted adjusted earnings from continuing operations of 15 cents per share, surpassing the Zacks Consensus Estimate of 11 cents and showing a significant improvement from the adjusted loss of 2 cents per share in the year-ago quarter [3] - Net sales from continuing operations declined 2.5% to $937.1 million but exceeded the Zacks Consensus Estimate of $928 million [4] - Adjusted gross profit increased by 11% year over year to $392 million, with the adjusted gross margin rising by 525 bps to 41.8% [5] - Adjusted operating profit surged 46% year over year to $122 million, with the adjusted operating margin increasing by 435 bps to 13% [6] Segment Performance - The U.S. segment's net sales dropped 1% year over year to $678.3 million, but the segmental operating margin improved by 665 bps to 22.1% [8] - International net sales grew 1.3% to $259.1 million, with a 4% increase at constant currency, driven by growth in the Americas and Asia [9] - The international segment's operating margin improved by 465 bps to 14.2%, supported by reduced input costs and cost-saving measures [9] Financial Health - The company ended the quarter with cash and cash equivalents of $317.3 million, long-term debt of $3,211.2 million, and total stockholders' equity of $149.3 million [10] - Year-to-date cash flow from operations amounted to $197 million, with free cash flow of $165 million [11] - The company had approximately $1.1 billion of available capacity under its credit facility at the end of the quarter [10] Guidance and Expectations - For 2024, net sales from continuing operations are anticipated to be around $3.61 billion, reflecting a 4% year-over-year decline on a reported basis and a 2% decline on an organic basis at constant currency [12] - Adjusted operating profit from continuing operations is expected to be $417 million, with adjusted EPS from continuing operations envisioned at approximately 39 cents [13] - Cash flow from operations is forecasted to be nearly $250 million, with free cash flow expected to be approximately $210 million in 2024 [14] - For Q4 2024, net sales from continuing operations are expected to be around $900 million, suggesting a 2% year-over-year growth on a reported basis and a 3% increase on an organic basis at constant currency [15] - Adjusted operating profit from continuing operations for Q4 is likely to be around $115 million, with adjusted earnings from continuing operations envisioned at about 14 cents per share [16] Strategic Actions - Strategic actions to streamline and focus the business are delivering results, enabling significant changes to the cost structure, boosting operational efficiency, lowering inventory, and freeing capital for growth investments [2] - These efforts are expected to drive improvements in margins, cash flow, and debt reduction through 2025 [2]

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 ...

"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 ...