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WINSTON-SALEM, N.C. - HanesBrands Inc. (NYSE:HBI) reported better-than-expected first quarter results on THursday.
The company’s shares fell 1.7% in pre-market trading following the earnings release.
The apparel maker posted adjusted earnings per share of $0.07, beating analyst estimates of $0.03. Revenue came in at $760 million, slightly above the consensus forecast of $757.47 million and up 2.1% YoY.
"We delivered another strong quarter, including revenue, operating profit and earnings per share that exceeded our expectations as we continue to see the benefits of our growth strategy and prior transformation initiatives," said CEO Steve Bratspies.
Net sales in the U.S. segment decreased 1.4% to $536.2 million, while international sales fell 2.2% to $195.5 million. On an organic constant currency basis, total net sales were flat compared to the prior year period.
Gross margin expanded 165 basis points to 41.6% on an adjusted basis, driven by lower input costs and benefits from cost savings initiatives.
For the second quarter, HanesBrands expects adjusted EPS of $0.18, in line with analyst estimates. The company reaffirmed its full-year 2025 outlook, projecting adjusted EPS of $0.51-$0.55 on revenue of $3.47-$3.52 billion.
The company noted its outlook now incorporates expected impacts from U.S. tariffs.
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