BUZZ-HanesBrands falls on quarterly sales miss and weak annual forecasts
ReutersFeb 13, 2025 2:55 PM
Updates
Apparel maker HanesBrands' HBI.N shares fall 22.9% to $5.9
Co posts fourth quarter net sales of $888.4 million, missing analysts' expectations of $950.3 million, according to data compiled by LSEG
Forecasts annual sales between $3.47 billion and $3.52 billion, below estimates of $3.66 billion
Expects annual adjusted earnings per share to be in the range of 51 cents to 55 cents, below analysts' expectations of 57 cents
HanesBrands says CEO Steve Bratspies will depart at the end of 2025, or upon the appointment of his successor
HBI stock rose 82.5% in 2024
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