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Hanesbrands ( (HBI) ) has provided an update.
HanesBrands reported better-than-expected fourth-quarter and full-year 2024 results, with net sales growing by 4.5% and operating margins increasing significantly. The company announced its decision to exit the Champion Japan license, reclassifying it as discontinued operations, and provided a positive financial outlook for 2025, expecting continued growth and debt reduction.
More about Hanesbrands
HanesBrands Inc. is a global leader in iconic apparel brands, primarily focusing on innerwear and activewear. The company operates in both U.S. and international markets, with a significant emphasis on innovation and cost-saving strategies to enhance its competitive advantage.
YTD Price Performance: -4.48%
Average Trading Volume: 5,362,919
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $2.7B
See more insights into HBI stock on TipRanks’ Stock Analysis page.
