Hanesbrands Full Year 2024 Earnings: Misses Expectations

Hanesbrands (NYSE:HBI) Full Year 2024 Results

Key Financial Results

• Revenue: US$3.51b (down 38% from FY 2023).
• Net loss: US$98.0m (loss widened by 453% from FY 2023).
• US$0.28 loss per share (further deteriorated from US$0.051 loss in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Hanesbrands Revenues and Earnings Miss Expectations

Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 14%.

The primary driver behind last 12 months revenue was the United States segment contributing a total revenue of US$2.58b (74% of total revenue). Notably, cost of sales worth US$2.06b amounted to 59% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$1.04b (67% of total expenses). Explore how HBI's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 2.4% p.a. on average during the next 3 years, compared to a 5.6% growth forecast for the Luxury industry in the US.

Performance of the American Luxury industry.

The company's shares are down 22% from a week ago.

Risk Analysis

You should always think about risks. Case in point, we've spotted 1 warning sign for Hanesbrands you should be aware of.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.