HanesBrands (HBI) came out with quarterly earnings of $0.15 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to loss of $0.01 per share a year ago. These figures are adjusted for nonrecurring items. This quarterly report represents an earnings surprise of 50%. A quarter ago, it was expected that this underwear, T-shirt and sock maker would post a loss of $0.06 per share when it actually produced a loss of $0.02, delivering a surprise of 66.67%. Over the last four quarters, t ...

Hanesbrands Inc. (HBI) is likely to post year-over-year bottom-line growth when it reports second-quarter 2024 earnings on Aug 8 before market open. The Zacks Consensus Estimate for earnings is pegged at 10 cents per share. The company incurred a loss of 1 cent per share in the prior-year quarter. The consensus mark has remained unchanged in the past 30 days. The consensus estimate for quarterly revenues is pegged at $1.4 billion, indicating a drop of 6.1% from the year-ago quarter's reported figure. HBI ha ...

The investment community will be closely monitoring the performance of HanesBrands in its forthcoming earnings report. The company is scheduled to release its earnings on August 8, 2024. The company's upcoming EPS is projected at $0.10, signifying a 1100% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.35 billion, indicating a 6.14% decrease compared to the same quarter of the previous year. Our research demonstrates that the ...

HanesBrands (HBI) shares rallied 5.8% in the last trading session to close at $5.67. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 11.2% gain over the past four weeks. This underwear, T-shirt and sock maker is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +1100%. Revenues are expected to be $1.35 billion, down 6.1% from the year-ag ...

The latest trading session saw HanesBrands (HBI) ending at $5.36, denoting no adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 2.32%. Meanwhile, the Dow lost 1.25%, and the Nasdaq, a tech-heavy index, lost 3.64%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.46 per share and a revenue of $5.37 billion, indicating changes of +666.67% and -4.66%, respectively, from the former year. Ranging from #1 (Strong Buy) to #5 (Str ...

The most recent trading session ended with HanesBrands (HBI) standing at $5.42, reflecting a -1.28% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.78%. Elsewhere, the Dow lost 1.29%, while the tech-heavy Nasdaq lost 0.7%. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.46 per share and a revenue of $5.37 billion, indicating changes of +666.67% and -4.66%, respectively, from the former year. The upcomi ...

HanesBrands (HBI) closed at $4.74 in the latest trading session, marking a +1.72% move from the prior day. The stock's change was more than the S&P 500's daily gain of 1.02%. Meanwhile, the Dow gained 1.09%, and the Nasdaq, a tech-heavy index, added 1.18%. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.46 per share and a revenue of $5.37 billion, signifying shifts of +666.67% and -4.66%, respectively, from the last year. In the context of valuation, HanesBrands is at present ...

Core Viewpoint - HanesBrands is expected to show significant earnings growth in its upcoming earnings report, despite a projected decline in revenue compared to the previous year [2][7]. Financial Performance - The stock closed at $4.84, reflecting a 0.41% increase from the previous trading session, outperforming the S&P 500's gain of 0.09% [1]. - The forecasted EPS for the upcoming quarter is $0.10, indicating a remarkable 1100% increase from the same quarter last year [2]. - For the full year, the Zacks Consensus Estimates project earnings of $0.46 per share, representing a 666.67% increase year-over-year [7]. - Revenue is expected to be $1.35 billion for the upcoming quarter, which is a 6.14% decline compared to the same quarter last year [2]. - The full-year revenue estimate is $5.37 billion, reflecting a 4.66% decrease from the prior year [7]. Valuation Metrics - HanesBrands has a Forward P/E ratio of 10.56, which is lower than the industry average Forward P/E of 14.48 [4]. Industry Context - The Textile - Apparel industry, part of the Consumer Discretionary sector, holds a Zacks Industry Rank of 78, placing it in the top 31% of over 250 industries [9]. - The Consumer Discretionary sector gained 2.11% over the past month, while HanesBrands shares increased by 0.21% during the same period [6]. Analyst Sentiment - Recent shifts in analyst projections for HanesBrands are crucial, as positive estimate revisions are seen as a favorable indicator for the company's business outlook [3]. - The Zacks Rank system currently rates HanesBrands as 1 (Strong Buy), with a proven track record of outperformance [11].

Core Insights - HanesBrands is focusing on strengthening its Innerwear business despite challenges from limited consumer spending in Q1 2024, emphasizing innovation and increased brand marketing investments for market share growth [2][3][15] - The company anticipates year-over-year increases in operating profit and earnings per share for Q2 and full-year 2024, even with expectations of soft sales [3][16] - HanesBrands has successfully reduced fixed costs by over $200 million, contributing to a decline in adjusted SG&A expenses by 3% to $378 million in Q1, which supports brand marketing investments [17] Financial Performance - HanesBrands achieved an adjusted gross margin of 39.9% in Q1 2024, returning to historical levels due to fixed-cost reductions and streamlined supply chains [9] - The Zacks Consensus Estimate for HanesBrands' 2024 earnings per share has increased by a penny to 46 cents over the past 30 days, indicating positive market sentiment [16] Strategic Initiatives - The company has sold the global Champion brand to Authentic Brands Group, allowing it to focus on enhancing its Innerwear category and driving above-market growth through consumer-centric product innovation [6][12] - HanesBrands is leveraging data analytics to improve retail partner sales and working capital efficiency, while also managing inventory more effectively by reducing SKUs [18] Market Position - HanesBrands' shares have increased by 10.2% over the past six months, contrasting with a 19.3% decline in the industry [13] - The company has been recognized for its strong resilience in a challenging macroeconomic environment, characterized by healthy margins and steady cash generation [10][15]

Company Performance - HanesBrands (HBI) has shown a year-to-date return of approximately 11.7%, outperforming the average return of -1% for Consumer Discretionary companies [9] - The Zacks Consensus Estimate for HBI's full-year earnings has increased by 3%, indicating improved analyst sentiment and earnings outlook [2] - HanesBrands currently holds a Zacks Rank of 1 (Strong Buy), suggesting strong potential for future performance [5] Industry Comparison - HanesBrands is part of the Textile - Apparel industry, which has an average year-to-date loss of 19.2%, indicating that HBI is performing better than its industry peers [10] - In contrast, Caleres Inc. has a year-to-date return of 10.4%, but the Shoes and Retail Apparel industry has declined by 8.9% this year [6][7] - The Consumer Discretionary sector, which includes 283 companies, ranks 8 in the Zacks Sector Rank, reflecting a relatively strong position within the broader market [8]