HanesBrands Sees Q3 2023 Net Sales $1.52B-$1.57B Vs $1.68B Est
Portfolio Pulse from Benzinga Newsdesk
HanesBrands has projected its Q3 2023 net sales to be between $1.52 billion and $1.57 billion, which is lower than the estimated $1.68 billion.
August 10, 2023 | 11:05 am
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NEGATIVE IMPACT
HanesBrands' lower than expected Q3 2023 net sales projection could negatively impact its stock price.
HanesBrands' projected net sales for Q3 2023 are lower than the estimated $1.68 billion. This shortfall could lead to a negative sentiment among investors, potentially causing a decrease in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100