Hanesbrands Earnings Reports

HanesBrands reported a strong Q4 2024 with revenue growth driven by innerwear innovation and holiday demand. Margin expansion and cost efficiencies contributed to a higher operating margin. Net income decreased YoY due to tax expenses, but adjusted EPS saw significant growth.

HanesBrands reported net sales at $937 million, consistent with the prior year on an organic constant currency basis. The company raised its full-year and fourth-quarter outlook for operating profit, earnings per share, and operating cash flow due to year-to-date performance and strong visibility to continued margin improvement. The company is on track to pay down approximately $1 billion of debt in the second half of 2024, with approximately $870 million paid down as of the end of October.

HanesBrands delivered solid second-quarter results in a challenging consumer and apparel market, with better-than-expected U.S. innerwear performance and margin expansion. Strategic actions, including the divestiture of global Champion, are expected to strengthen and simplify the business, positioning the company for consistent revenue growth, higher profit margins, and strong cash generation.

HanesBrands reported net sales of $1.16 billion, which was at the midpoint of the company's expected range. GAAP and Adjusted gross margin was 39.9%. GAAP operating profit was $52 million and adjusted operating profit was $84 million. The company reduced inventory by 28% year-over-year and generated $26 million in cash flow from operations.

Hanesbrands reported Q4 2023 sales of $1.3 billion, with a GAAP EPS of $0.22 and adjusted EPS of $0.03. The company exceeded year-end goals for gross margin, inventory, operating cash flow, and debt reduction. Despite a challenging sales environment, U.S. Innerwear gained market share, driven by new products and permanent retail space gains.

HanesBrands Inc. announced third-quarter 2023 results, showing improvement in key performance metrics despite a challenging sales environment. The company reduced inventory, generated positive operating cash flow, and paid down debt. They also initiated an evaluation of strategic alternatives for their global Champion business.

Hanesbrands reported second-quarter results in line with its outlook, delivering sequential gross margin improvement, further reducing inventory, generating positive operating cash flow, and beginning to pay down debt earlier than expected. The company adjusted its second-half outlook due to the difficult apparel market, particularly in Australia and the U.S. activewear category.

HanesBrands Inc. announced first-quarter 2023 results, reporting net sales, operating profit, and EPS from continuing operations within its guidance range. The company generated positive cash flow and sequentially reduced inventory during the quarter. It also provided second-quarter 2023 guidance and reiterated its full-year outlook, including the expectation to exit the year with lower inventory, lower debt, and meaningfully higher gross and operating margin run-rates.

HanesBrands Inc. announced its fourth-quarter 2022 results, with net sales of $1.47 billion, GAAP EPS loss from continuing operations of $1.19, and adjusted EPS from continuing operations of $0.07. The company is shifting its capital allocation strategy to focus on debt reduction and expects to refinance its 2024 maturities in the first quarter of 2023.

HanesBrands reported a 7% decrease in net sales to $1.67 billion, but a decrease of 3% in constant currency. GAAP EPS was $0.23, and adjusted EPS was $0.29. The company is focused on controlling costs and optimizing its global supply chain.

HanesBrands' second-quarter net sales decreased by 14% to $1.51 billion, impacted by a cyber event and softer point-of-sale trends. GAAP EPS was $0.26, and adjusted EPS was $0.28. The company is updating its full-year guidance to reflect changes in foreign currency exchange rates, costs associated with inventory reduction, and slow consumer demand.

HanesBrands announced strong Q3 2021 results, with net sales of $1.79 billion, up 6% year-over-year, and adjusted EPS of $0.53. The company is maintaining its Q4 outlook for net sales and adjusted operating profit, driven by continued demand and a strong inventory position.

HanesBrands reported strong second-quarter 2021 results with increased sales, operating profit, and cash flow, driven by strong performance across its global innerwear and activewear businesses. Net sales from continuing operations totaled $1.75 billion, up 13% over the prior year and 15% over second-quarter 2019. The company raised its second-half and full-year 2021 guidance for net sales, operating profit, and EPS from continuing operations.

HanesBrands reported strong first-quarter 2021 results, with net sales from continuing operations increasing by 25% to $1.51 billion. Growth was driven by the global Champion brand and the U.S. Innerwear business. The company reported EPS from continuing operations of $0.37 and provided second-quarter and full-year guidance.

HanesBrands reported solid fourth-quarter results, driven by strong performance across its biggest business segments. Net sales were $1.8 billion, and adjusted EPS was $0.38 per share. The company also launched its “Full Potential” plan to drive long-term growth and higher profitability.

Hanesbrands' Q3 2020 results showed resilience with net sales of $1.81 billion, driven by U.S. Innerwear and global Champion sales. GAAP EPS was $0.29, and adjusted EPS was $0.42. The company generated $249 million in operating cash flow and reduced debt by $130 million.

Hanesbrands reported second-quarter results with double-digit growth in diluted earnings per share despite market disruption from the COVID-19 pandemic. The earnings growth resulted from the company’s ability to pivot to production and sales of personal protective garments combined with relatively strong apparel performance in pandemic conditions, including 68% sales growth in the online channel.

HanesBrands reported a decrease in net sales to $1.32 billion due to the COVID-19 pandemic, with an estimated impact of $181 million on net sales and $86 million on operating profit. Despite the pandemic, operating cash flow improved by more than $100 million, and the company is focusing on cash preservation, enhancing liquidity, and producing personal protective garments.

Hanesbrands reported solid fourth-quarter results with net sales of $1.75 billion and GAAP EPS of $0.51. The company generated record net cash from operations and significantly reduced its debt leverage.