Over the past six months, Hanesbrands’s shares (currently trading at $6.03) have posted a disappointing 10% loss while the S&P 500 was down 1.4%. This was partly driven by its softer quarterly results and might have investors contemplating their next move.
Clothing company Hanesbrands (NYSE:HBI) missed Wall Street’s revenue expectations in Q4 CY2024 as sales only rose 1.1% year on year to $888.5 million. Next quarter’s revenue guidance of $750 million underwhelmed, coming in 4.1% below analysts’ estimates. Its non-GAAP profit of $0.17 per share was 19.5% above analysts’ consensus estimates.
HanesBrands reported 4.5% sales growth in Q4, falling short of analyst expectations at $888.47 million. Looking ahead, HanesBrands projects FY25 sales of $3.47B to $3.52B, lower than estimates.
As the craze of earnings season draws to a close, here’s a look back at some of the most exciting (and some less so) results from Q3. Today, we are looking at apparel and accessories stocks, starting with Hanesbrands (NYSE:HBI).
The past six months have been a windfall for Hanesbrands’s shareholders. The company’s stock price has jumped 58.1%, hitting $8.33 per share. This was partly due to its solid quarterly results, and the performance may have investors wondering how to approach the situation.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Under Armour (NYSE:UAA) and the rest of the apparel and accessories stocks fared in Q3.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including Stitch Fix (NASDAQ:SFIX) and its peers.
Looking back on apparel and accessories stocks’ Q3 earnings, we examine this quarter’s best and worst performers, including ThredUp (NASDAQ:TDUP) and its peers.
As the Q3 earnings season comes to a close, it’s time to take stock of this quarter’s best and worst performers in the apparel and accessories industry, including G-III (NASDAQ:GIII) and its peers.
Clothing company Hanesbrands (NYSE:HBI) met Wall Street’s revenue expectations in Q3 CY2024, but sales fell 2.5% year on year to $937.1 million. The company expects next quarter’s revenue to be around $900 million, close to analysts’ estimates. Its non-GAAP profit of $0.15 per share was 26% above analysts’ consensus estimates.
