Hanesbrands agreed to sell its global Champion business to Authentic Brands Group in a transaction valued at $1.2 billion, including a contingent cash consideration, the company announced on Wednesday. The deal has the potential to reach $1.5 billion through an additional cash contingent consideration of up to $300 million if performance thresholds are met. "We believe this transaction will enable the company to accelerate its debt reduction while positioning Hanesbrands to deliver consistent growth and cas ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Is HanesBrands (HBI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. HanesBrands is one of 285 individual stocks in the Consumer Discretionary sector. Collectively, these companies sit at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual ...

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks. Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find comp ...

HBI has rallied 14.3% over the past four weeks, and the company is a Zacks Rank #1 (Strong Buy) at the moment. This combination suggests HBI could be on the verge of another move higher. Once investors consider HBI's positive earnings estimate revisions, the bullish case only solidifies. No estimate has gone lower in the past two months for the current fiscal year, compared to 1 higher, and the consensus estimate has increased as well. HanesBrands (HBI) is looking like an interesting pick from a technical p ...

James Darell/DigitalVision via Getty Images Hanesbrands (NYSE:HBI) is an apparel manufacturer. The company owns Hanes, Champion, and other brands. In early April 2024, I published an initiation coverage article on Hanesbrands with a Hold rating. The rating was based on the company's valuation, considering different turnaround scenarios and two potential valuations for the Champion brand, which the company is considering selling. I review the company's 1Q24 results and earnings call in this article. I find a ...

While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies. Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors rely on traditional forms of analysis on key valuation metrics to f ...

Hanesbrands Inc. (HBI) reported mixed first-quarter 2024 results, with the top line declining year over year and missing the Zacks Consensus Estimate. The bottom line improved from the year-ago quarter’s reported figure and surpassed the consensus mark. Management reaffirmed its 2024 guidance.Q1 in DetailThe company posted an adjusted loss from continuing operations of 2 cents per share, narrower than the Zacks Consensus Estimate, which was pegged at a loss of 6 cents. The metric improved from a loss of 6 c ...

Hanesbrands Inc. (NYSE:HBI) Q1 2024 Earnings Conference Call May 9, 2024 8:30 AM ET Company Participants T.C. Robillard - Vice President of Investor Relations Stephen Bratspies - Chief Executive Officer Scott Lewis - Chief Financial Officer Conference Call Participants Jay Sole - UBS Ike Boruchow - Wells Fargo David Swartz - Morningstar Paul Kearney - Barclays Hale Holden - Barclays William Reuter - Bank of America Michael Coppola - JPMorgan Operator Good day. And thank you for standing by. Welcome to the H ...

For the quarter ended March 2024, HanesBrands (HBI) reported revenue of $1.16 billion, down 16.8% over the same period last year. EPS came in at -$0.02, compared to -$0.06 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $1.17 billion, representing a surprise of -1.44%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being -$0.06.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Stre ...

HanesBrands (HBI) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.06. This compares to loss of $0.06 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this underwear, T-shirt and sock maker would post earnings of $0.09 per share when it actually produced earnings of $0.03, delivering a surprise of -66.67%.Over the last four quarters ...