Hanesbrands demonstrated strong financial performance with significant debt reduction, increased margins, and positive growth outlook. However, sales have declined slightly due to divestitures and FX headwinds, within a challenging consumer environment.

Company Guidance

During the Hanesbrands Q3 2024 earnings call, the company provided robust guidance, highlighting several key metrics that demonstrate its financial health and strategic progress. Sales were at the midpoint of their guidance range, with gross margin reaching an all-time high of 41.8% and operating margin at 13%. Hanesbrands reported a significant 46% increase in operating profit and an 850% rise in earnings per share (EPS) compared to the prior year. The company raised its outlook for the fourth quarter and full year, anticipating a 3% growth in organic constant currency sales, with operating profit expected to rise by 17% to approximately $115 million. Hanesbrands also projected a 130% increase in fourth-quarter EPS to approximately $0.14. Additionally, the company has made strides in debt reduction, having paid down $870 million in October, and is on track to reduce its debt by $1 billion in the second half of the year. Looking forward, Hanesbrands is confident in delivering continued margin expansion and cash flow improvement through 2025 and beyond, with plans to end 2025 at approximately a 3x leverage ratio.

Strong Financial Performance

Operating profit increased 46% over prior year, and EPS rose by 850%. Gross margin reached an all-time high of 41.8%, with operating margin increasing to 13%.

Debt Reduction Success

Paid down $870 million of debt in October, on track to deliver $1 billion of debt paydown in the second half of the year. Year-end leverage ratio expected to decrease by approximately 1.5x year-over-year.

Positive Outlook and Guidance

Raised fourth quarter and full-year outlook for operating profit, earnings per share, and cash flow. Expecting double-digit EPS growth next year.

Innovation and Market Share Gains

Innovation shipments up over 30% year-to-date in the U.S., driving market share gains particularly among young consumers. Increased permanent retail space and brand investments to more than 5% of sales.

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Hanesbrands (HBI) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

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HBI Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Feb 06, 2025	2024 (Q4)	0.14 / -	0.03	―	―	―
Nov 07, 2024	2024 (Q3)	0.12 / 0.15	0.1	50.00% (+0.05)	―
Aug 08, 2024	2024 (Q2)	0.09 / 0.15	-0.01	1600.00% (+0.16)	―
May 09, 2024	2024 (Q1)	-0.06 / -0.02	-0.06	66.67% (+0.04)	―
Feb 15, 2024	2023 (Q4)	0.09 / 0.03	0.07	-57.14% (-0.04)	―
Nov 09, 2023	2023 (Q3)	0.11 / 0.10	0.29	-65.52% (-0.19)	―
Aug 10, 2023	2023 (Q2)	>-0.01 / -0.01	0.28	-103.57% (-0.29)	―
May 03, 2023	2023 (Q1)	-0.07 / -0.06	0.34	-117.65% (-0.40)	―
Feb 02, 2023	2022 (Q4)	0.08 / 0.07	0.44	-84.09% (-0.37)	―
Nov 09, 2022	2022 (Q3)	0.27 / 0.29	0.53	-45.28% (-0.24)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

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HBI Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Nov 07, 2024	$7.10	$8.38	+18.03%
Aug 08, 2024	$5.20	$6.14	+18.08%
May 09, 2024	$4.46	$4.68	+4.93%
Feb 15, 2024	$4.72	$4.34	-8.05%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.

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