Hanesbrands (HBI) Q1 Loss Narrower Than Expected, Sales Down
Hanes(HBI) Zacks Investment Research·2024-05-09 16:16Hanesbrands 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 ...